Thanks @pk
Sorry for the delayed response; for some reason, I didn't get a notification that there was a response to my query and just saw your response
Couple clarifications :
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FX losses are personal and not an investment ( unless you are an investor in Forex or Forex funds ) --- thus while the loss is not recognizable ( casualty loss ? ) , the gain may be.
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I bought the INR ONLY for investment purposes; i.e., I didn't have any existing account in India, and opened an account specifically to trade Indian securities, which required me to buy INR. Therefore, technically, am i not a Forex investor, since I am buying and selling Forex for trading/investment gains?
And, if so, don't I still need to separate my gains/losses on stocks vs. currency transactions since each of these is being conducted in different calendar years (i.e., I sold stock in 2019, but would sell INR in 2020)?
