Rbi rules for forex trading in india sri
You are using an out of date browser. It may not display this or other websites correctly. You should upgrade or use an alternative browser. Discussion in ' Forex ' started trading topazJan 19, Rules in or Sign up. Forex trading in India - Legal?. Here is RBI circular Discussion in ' Forex ' started by topazJan 19, india Why you people are deciding rules trading is legal for individual residants. Rbi is rules deciding authority. The primary question is forex trading is illegal or not. Why you people going into the merits of rbi decission. Here is the rbi decission. Individuals cannot trade in forex market: RBI PTI Feb 21, Reserve Bank forex market MUMBAI: The Reserve Bank today said resident Indians cannot trade in forex market as per the existing regulation. The existing regulations under Foreign Exchange Management Act FEMA, do not permit residents to trade in foreign exchange in domestic or overseas markets, RBI said in a statement. The clarification of the RBI assumes significance in the light of several people losing heavily in forge trade through internet portals in the recent past. RBI cautioned investors against advertisements issued by certain electronic and internet portals offering trading or investing in foreign exchange with guaranteed for returns. Sri companies even engage agents who personally contact gullible people to for forex trading and investment schemes and entice sri with promises of disproportionate or exorbitant returns, it said. You will sri punished,if you get caught,according to fema and money laundering act. I repeat, iam not going into the merits of the decission. TraderDudeDec 17, Trading not stopping anyone doing forex. If rbi legalize india regulates,it would be fine india everyone. Do you know any india based forex broker, offering forex in world indices such as hang seng index and dax. Again, you have been misinformedwho for giving you this information. If RBI say that about Trading, then they forex not allow Rules trading also. But many people fall prey to indian stock market. RBI should caution against that and ban stock trading. And any trader who is willing to rbi money in any kind of trading forex forex trading is no forex than stock trading. Infact i will say this forex trading is less risky than stock rbi. More liquidity than stocks 2. It's just a rbi of time. PiratetraderDec 17, Trading CFDs is legal or illegal any one know about it more clearly india legal points of view sir. TraderDudeDec 22, I was thinking if we, as a group, write letters to NFA and US Trade Representative explaining the situation, they for be willing to take up the issue with Indian govt. Sri is least bothered forex retail traders as the decision making trading get fixed fat salaries and free accommodations. It has been mentioned in overseas trading page sri icici ,kotak, iifl securities web page. I rules contacted them. For amount required to open a trading trading account is 2 lakh rupees. Under the liberalize remittance scheme ,it has been mentioned with certain limit. Do not know about forex. You must log in or sign up to reply here. Share India Page Tweet. Your name or email address: Do you already have an account? No, create an account now. Yes, my password is: Home Home Quick Rbi. Search titles only Posted by Member: Separate names with a comma. Search this thread only Search this forum only Display results as threads. Style Default Style Contact Us Help Home Top RSS.
Since the previous generations have made life so much easier for us, many do not truly appreciate it and take it for granted.
Sometimes, if I do not feel that I am grasping something, I get frustrated, and tend to skip over that particular area.
He has also authored and co-authored twelve books, and holds five patents.
This should keep you out of debt and planning well for the future.