Forex Market Hours in India- Opening and Closing Time

In India, cross-currency trading is available till 7:30 pm, and the Forex market is open from 9:00 am to 5:00 pm. However, throughout India’s currency market hours, volatility and liquidity are not always constant. Their disparities result from worldwide trading sessions that overlap. For instance, during US currency trading sessions, there can be a lot of liquidity for a currency pair that uses the USD as the quote or base currency. According to experts, the hours of the Indian currency market today correspond with a lot of active trading sessions throughout the world. As a result, trade activity surges.

When it comes to Forex trading, timing is important. Since the market is always open, traders can seize opportunities as they present themselves. However, trade volume and activity can change during the day based on which region is active. In this post, let’s go into forex market timing in more detail.

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Understanding Forex Market Timing in India

Most of the foreign exchange market is decentralized and uncontrolled. With the exception of weekends, foreign currency is available around-the-clock due to time zone differences. Furthermore, the world’s foreign exchange trading is fueled by four continents: North America (New York), Europe (London), Asia (Tokyo), and Australia (Sydney). The volume of trading changes from session to session. But it’s busiest when New York and London overlap.

Although Tokyo is usually regarded as Asia’s premier session, in the last ten years, Singapore and Hong Kong have surpassed Japan in trading volume.

Forex Market Timing

These are the Forex trading timings for the four continents.

Forex Market Opening Time in India:

Indian Standard Time (IST) is the operating time for the Forex market in India. The Sydney, Tokyo, London, and New York sessions comprise the four sessions that make up the market structure. Every session offers a separate set of opportunities and has an opening and ending time.

Sydney Session (Open: 5:00 AM IST, Close: 2:00 PM IST):

The Sydney session kicks off the trading week for the Forex market at 5:00 AM IST and ends at 2:00 PM IST.

It provides a more relaxed trading atmosphere because it is one of the quieter periods. It’s crucial to remember, though, that because of their ties to the Australian dollar, several currency pairs, like AUD/JPY and AUD/USD, may see higher volatility during this session.

Tokyo Session (Open: 6:00 AM IST, Close: 3:00 PM IST):

The Tokyo session starts when the Sydney session concludes. Because this session coincides with the Sydney session for a few hours, it exhibits higher volatility. It starts at 6:00 AM Indian Standard Time and ends at 3:00 PM IST. Currency pairs that involve the Japanese yen, such USD/JPY and EUR/JPY, can see increased action during this session.

London Session (Open: 1:00 PM IST, Close: 10:00 PM IST):

The London session is considered the most important because to its tremendous volatility and liquidity. As a result of its coincidence with the Sydney and Tokyo sessions, market activity has increased. Major currency pairs including EUR/USD, GBP/USD, and USD/CHF are well-known for their notable price swings during this session.

New York Session (Open: 8:00 PM IST, Close: 5:00 AM IST the next day):

In the world of trading, the New York session takes center stage as the London session comes to a finish. This session, which runs from 8:00 PM IST to 5:00 AM IST the following day, is well-known for its high volatility and liquidity, which makes it the ideal time for traders to participate in busy markets. USD/CAD and USD/JPY are two examples of currency pairs that feature the US dollar and may see a rise in trading activity during this period, giving traders plenty of chances.

Currency Trading Marketplaces in India

One of the world’s most varied marketplaces is forex. There’s a central bank, a hedge fund, and occasionally even tourists involved.

In India, there is a market for trading currencies where individuals can purchase and sell currency derivatives. Exchanges, brokers, and players including companies, banks, and individual traders make up the market.

You can trade quotes that contain INR or ones that do not when trading currency pairings. This distinction explains why the forex currency market timing for both types of currency pairings in India currently differs. In spite of this, there is a significant overlap in the periods that traders of all currencies can trade foreign currencies.

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Forex Currency Trading Times In India

The following currency market hours are available for trading and purchasing futures for currency pairings in India:

9:00 am is the opening time, and 5:00 pm is the closing time.

In India, the forex market opens at 9:00 am, which is three and a half hours after Japan’s opening and two and a half hours after Hong Kong, Australia, and Singapore’s.

Furthermore, it is well known that overlapping markets can affect the liquidity and volatility of particular currency pairs, particularly when the quote or base is frequently traded, as is the case with the JPY.

The Indian forex market overlaps heavily with European markets, particularly Germany and the UK, by the time it closes at 5 p.m. The currency pairs affected are GBP-INR and EUR-INR.

Can You Trade 24 Hours Indian Currency?

No, you are unable to exchange Indian rupees around-the-clock. The currency market in India is open Monday through Friday. Between 9 AM IST and 5 PM IST are the trading hours. During these hours, currency pairings may be bought and sold by banks, brokers, and trading platforms.

The following table shows the market timing for USD/INR trading on the top foreign exchange providers:

What is the Best Time to Trade Forex in India?

In India, the forex market is open from 9:00 a.m. to 5:00 p.m., with cross-currency trading lasting until 7:30 p.m. However, throughout India’s currency market hours, liquidity and fluctuation are not always constant.

Their differences stem from global trade sessions that overlap. This has previously been brought up. The claim is that a currency pair may experience more or less trading activity based on two factors.

The first has to do with a nation’s business hours. For instance, during US currency trading sessions, a currency pair with the USD as the quote or base currency may have a lot of liquidity. Experts surmise that the current forex market timings in India coincide with numerous active trading sessions across the globe, leading to a spike in trading activity.

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Conclusion

It is necessary to comprehend Indian forex market timing in order to trade currencies profitably. The forex market is primarily driven by four continents: North America, Europe, Asia, and Australia. Additionally, trade volume fluctuates throughout the day, peaking during the European session.

The currency market in India is open from 9:00 am to 5:00 pm. It’s important to know the market’s opening and closing times if you want to start trading forex in India or anywhere else.

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