India's currency market, primarily driven by the Indian Rupee (INR) against major global currencies like the USD, EUR, GBP, and JPY, operates on the NSE and BSE exchanges, offering trading in derivatives (futures, options).
Regulated by the RBI, the market allows INR-based currency pair trading (e.g., USD/INR) and is a vital hub for trade, investment, and hedging, featuring both onshore (RBI-regulated) and global forex elements.
USD/INR, EUR/INR, GBP/INR, JPY/INR are the most traded.