Trading the Indian Rupee

Question

Why isn't the Indian rupee a tradable currency?

In retail forex, tradable currencies include the currencies of countries that have major economies;

Japan, USA, UK, Canada, Switzerland, Australia,

and even New Zealand.

Question:

1) Why isn't the Indian rupee a major traded currency (just as tha above mentioned)?

2) Assuming it is still possible by some other method, how does one trade/invest in the Indian Rupee??

Thank you.

Answer 1

You can trade in Indian currency also. But it is not the most traded currency or preferred currency because we opened to forex trade very late. You can trade with rupee.

Answer 2

If you want you can trade the indian currency but it is not that much volatile. The majority of the world trade these currencies like Dollars, Euro, Yen, Pound etc.  

Answer 3

Indian rupee is  traded in the futures market.  started on June 2007 on the Dubai Gold and Commodity Exchange (DGCX).

According to experts, at DGCX, each Indian rupee contract would represent Rs 20 lakh. Prices will be quoted in US cents per Rs 100, with a minimum price fluctuation of $ 0.000001 per rupee. Furthermore, at any point in time DGCX will list the trading price for the present and next two calendar months, in addition to the next three calendar quarterly months.

i thnik your question is answered

Answer 4

Its apparent that the Indian government will be leading a charge to allow the Rupee to trade freely. As such the closely followed rupee.us blog will evolve to a fully interactive website.  

Answer 5

its because we dint became a developed country stil.