In India, Foreign Exchange or Forex trading (Overseas Trading) is not allowed.Foreign Exchange Management Act or in short (FEMA) is an act that provides guidelines for the free flow of foreign exchange in India.
... forex operations is still being carried out by Reserve Bank of IndiaRBI FEMA Guidelins Act and Circulars. The Foreign Exchange Management Act.Guidelines on trading of Currency Futures and Exchange Traded Currency Options in Recognized Stock Exchanges.
Foreign Exchange ReservesForex trading This query. in market that as per FEMA ACT of RBI, Forex trading is ILLEGAL in.
MUMBAI: The Reserve Bank of India, in association with capital markets regulator Sebi, is set to extend the currency futures trading time to 7.30 pm daily for three.
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Overseas forex trading through internet is illegal-Closed Accounts of customer who have deposited money in such scheme:RBI.
RBI Coverage Monitoring Foreign Exchange Inflow – on account of ...The online world is still wondering about the legality of Forex trading in India.RBI clamps on rupee speculation overseas Foreign arms of many Indian firms under lens, have to seek approval to launch certain products.
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Foreign Exchange ActToday RBI had announced in its circular that forex Remittance limit for Residential individuals has been reduced from USD 200,000 to USD 75,000 per financial year.FEMA Regulations relating to EXPORTS, IMPORTS AND GUARANTEES S.Durairajan, M.Sc., CAIIB, MBA, Ph.D Professor of International Finance DGM, RBI (Retd.), Chennai.
Reserve Bank of India. to exercise due caution and be extra vigilant in respect of the margin payments being made by the public for online forex.
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The Reserve Bank of India has today clarified that remittance in any form.