Forex Market Timing in India

The forex market, often referred to as the currency market, is a global, decentralized marketplace for trading currencies. They differ due to overlapping trade sessions around the world. The forex trading time in India is 9.00 am to 5 pm, with cross-currency trade continuing until 7.30 pm. Experts believe that forex market time​ in India today coincides with many trading sessions around the world, leading to a rise in trading. Thus, Indian traders need to study the timing of the Forex market so that they can identify the right time to trade. In this blog, we will explore everything bout forex market timings in India.

Forex Market Timing

These are the forex market times​ across the four continents.    

The forex market timings in India start with the Australian session, followed by Asian, European, and US. There is the highest activity during the European session, as reflected by the UK accounting for 38% of the global forex trade turnover. When two sessions overlap, the markets are most active and liquid, which is the suitable forex trading times. When the forex trading times of the two biggest trading centers, European and the US, overlap, that is between 12:00 PM and 4:00 PM UTC, it is the most liquid time.

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Forex Trading Volume

In Forex, volume is the quantity of lots traded in a period. In the stock market, direct volume data are taken since there are centralized exchanges. In the Forex market, no central exchange exists, and therefore, the volume in real-time cannot come from a single source. The brokers give their volume data based on the estimation of trade execution in their system. This can be done by finding the volume associated with price action. Combined with technical indicators it will help you determine the possible strength of trends and reversals in the market.

Currency Trading Marketplaces in India

Forex is one of the most diversified markets in the world. A central bank, hedge fund, and sometimes even tourists are involved in some way.

There is a currency trading marketplace in India where people can buy and sell marketplace currency derivatives. The market consists of exchanges, brokers, and participants, such as businesses, banks, and individual traders.

In currency pairings, you can either trade quotes that include INR or ones that do not. As a result of this distinction, both kinds of currency pairings have different forex currency market timing in India today. Despite this, there is considerable overlap between forex currency trading times for trading any currency type.

Forex Currency Trading Times In India

You can buy and trade futures for currency pairs during the specified currency market timing in India. The forex market open time​ is 9:00 am and the closing time is 5.00 pm as per the Indian Standard Time (IST). Forex market opening time in India is three and a half hours after Japan's and two and a half hours after Hong Kong, Australia, and Singapore's.

Moreover, overlapping marketplaces are known to influence the liquidity and volatility of some currency pairings, especially if the quotation or base is often traded, like the JPY. The forex market close time​ is 5 pm, and there's a lot of overlap with European markets, especially Germany and the UK. As a result, GBP-INR and EUR-INR currency pairs are impacted.

Can You Trade 24 Hours Indian Currency?

No, you cannot trade for 24 hours in the Indian currency market, as it is open from Monday to Friday. The trading hours are from 9 AM IST to 5 PM IST. Banks, brokers, and trading platforms are allowed to purchase and sell currency pairs during these hours.

The forex market times​ for USD/INR trading on the leading international currency exchanges are mentioned in the following table.

Conclusion 
Successful currency trading requires an understanding of forex market timing in India. Four major continents are driving the forex market: Australia, Asia, Europe, and North America. Also, throughout the day, trading volume varies, with the European session being the busiest. In India, the forex market opens at 9:00 am and closes at 5:00 pm. If you are planning to trade in the forex market in India or anywhere else, you need to know what time the market opens and closes. You can look for an advanced online trading app for real-time information, tools, and a user-friendly interface for currency trading.