Why i can’t find no currency trading option in dhan . can’t find usdinr pair .
We discontinued currency trading on our app on 1st July 2024 in compliance with RBI circular dated Jan5th, 2024.
The said circular came into effect on 5th April 2024, adhering to the circular we paused allowing fresh positions in Currency Segments for exchange-traded pairs involving INR namely USDINR, EUROINR, GBPINR, and JPYINR.
While we await further clarification from the regulatory authorities and exchanges, we have also noticed that trading volumes in Currency Markets on Stock Exchanges are down by > 95% in this time frame. Being a compliant member of the exchange, as a conscious call we do not want to be active in any segment where there is a possibility of regulatory compliance getting compromised. We feel that establishing the underlying currency exposure before allowing trades in the currency segment becomes tedious and complicated for traders.
For more details, check our post:
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