Calculate pip value and trade profit in Indian Rupees for USD/INR, EUR/INR, GBP/INR, XAU/INR, and international pairs. Supports NSE currency futures (Zerodha, Angel One) and offshore brokers. Lakh/crore formatting, F&O tax estimate, and SEBI vs offshore comparison included.
USD/INR--Live
EUR/INR--Live
GBP/INR--Live
JPY/INR--Live
Updated--IST
Standard Mode: For offshore brokers (Exness, XM) and international lot sizes. Choose any INR or international pair, set lot size, and calculate profit in rupees.
1 Pair & Account
NSE-listed INR pair — paise pip
Results always shown in ₹ as well
2 Lot Size & Contracts
Offshore forex: 1 standard lot = 100,000 base units
Edit if using custom lot size
NSE/BSE currency futures standard
0.25 paise per tick (NSE rule)
e.g. 1, 5, 10 lots
SEBI cap: 1:20. Offshore: up to 1:2000
3 Entry, Exit & Direction
e.g. 83.50
e.g. 84.00 (or use pips ↓)
If filled, overrides exit price
Auto-filled from live feed
Typical: 1-3 pips majors, 5-15 INR pairs
Your Trade Result
Pip Value
₹0
per pip
Net Profit / Loss
₹0
after spread
Profit in USD
$0
equivalent
Margin Required
₹0
to open trade
Position Size0
Contract Value₹0
Pips Moved0
Spread Cost₹0
Gross P/L (before spread)₹0
Return on Margin0%
₹ F&O Tax Quick Estimate
Forex & NSE currency futures profit is taxed as non-speculative business income at your income tax slab rate. Estimate below based on the new tax regime (FY 2025-26):
5% slab
₹0
₹3L-6L income
10% slab
₹0
₹6L-9L income
20% slab
₹0
₹12L-15L income
30% slab
₹0
Above ₹15L
Cess of 4% applies on tax. Turnover-based audit (Section 44AB) applies if F&O turnover > ₹10 Cr. See our F&O tax guide and Section 115 guide.
SEBI (NSE) vs Offshore (Exness) Same Trade
Zerodha / NSE Futures Legal
Max Leverage1:20
Margin Required₹0
Typical Spread0.25 p
Spread Cost₹0
Net Profit₹0
STT + Exchange₹0
Tax TreatmentBusiness Income
Exness / Offshore Grey Zone
Max Leverage1:2000
Margin Required₹0
Typical Spread6-12 p
Spread Cost₹0
Net Profit₹0
TCS (LRS > ₹7L)20%
Tax TreatmentBusiness Income
Reality check: NSE currency futures are 100% SEBI-compliant but carry low leverage (1:20 max). Offshore brokers offer 100x more leverage but fall in a FEMA grey zone — use at your own risk. See RBI rules guide and SEBI brokers list.
Trade INR Pairs with 1:500 Leverage
Exness accepts INR deposits via UPI, IMPS, and PhonePe. No conversion fees. 1:2000 max leverage. Start with ₹1,000.
For USD/INR the pip is 0.01 (one paise). On a standard lot of 100,000 USD, 1 pip = 100,000 × 0.01 = ₹1,000. On NSE currency futures, 1 lot is only 1,000 USD so 1 tick (0.0025 = 0.25 paise) = 1,000 × 0.0025 = ₹2.50 per tick. This calculator handles both automatically — just switch modes.
How is pip value different for EUR/INR and GBP/INR?
For any INR-quoted pair (USD/INR, EUR/INR, GBP/INR, JPY/INR), pip value is directly in rupees because INR is the quote currency. Pip size is 0.01 for most INR pairs. On 100,000 units, 1 pip = ₹1,000 regardless of which base currency. No USD/INR conversion needed — unlike international pairs where the pip is in USD and must be converted.
Are NSE currency futures and offshore forex taxed the same?
No. NSE currency futures (USD/INR, EUR/INR etc on Zerodha, Angel One) are treated as non-speculative business income — taxed at your income tax slab rate with F&O loss set-off allowed against other business income. Offshore forex (Exness, XM) generally falls under the same head but a 20% TCS applies on LRS remittances above ₹7 lakh per financial year. Consult a CA for your specific case.
Is forex trading on offshore brokers legal in India?
RBI only permits forex trading through SEBI-recognized exchanges (NSE, BSE, MCX-SX) and only for INR-paired currency derivatives (USD/INR, EUR/INR, GBP/INR, JPY/INR). Trading international pairs like EUR/USD on offshore brokers is a FEMA 1999 grey area. Many Indian traders still use Exness or XM for higher leverage, but SEBI has issued warnings. This calculator supports NSE mode for fully compliant trading. Read our legality guide.
What is the lot size for NSE USD/INR futures?
NSE currency futures use 1 lot = 1,000 units of the base currency. So USD/INR futures = 1,000 USD per lot, EUR/INR = 1,000 EUR per lot, GBP/INR = 1,000 GBP per lot. Tick size is 0.0025 (0.25 paise). Margin is typically 2-4% of contract value (approximately ₹2,500-₹3,500 per USD/INR lot). Switch to NSE Currency Futures mode above to calculate using these exchange rules.
Disclaimer & RBI Notice: This calculator is for educational purposes only and does not constitute financial advice. Under FEMA 1999 and RBI circulars, Indian residents may only trade INR-paired currency derivatives (USD/INR, EUR/INR, GBP/INR, JPY/INR) on SEBI-recognized exchanges such as NSE, BSE, and MCX-SX. Trading international forex pairs through offshore brokers is restricted; RBI has previously flagged unauthorized forex platforms. Past performance does not guarantee future results. Tax estimates are indicative — consult a qualified Chartered Accountant for your specific situation. Some links on this page are affiliate links; we may receive compensation at no extra cost to you.