Rbi guidelines forex trading india

rbi guidelines forex trading india

online activities which are in violation of fema, 1999, AD Category I banks are hereby directed as follows: (i) All AD Category I banks who offer credit cards or online banking facilities to their customers. September 17, 2013, to, all Category - I Authorised Dealer Banks. So in the single contract of 1000 you can earn.3000. If the price goes to Rs 67, you get the profit.3 per dollar. As per RBI guideline, all Indian resident including banks and financial institutions can do forex trading in currency pairs. AD Category - I banks may bring the contents of this circular to the notice of their constituents and customers concerned. Total gain on a 1000 contract will.1000. You might have noticed that the value of the dollar is going up every day. (ii) As and when any AD category I bank comes across any prohibited transaction undertaken by its credit card or online banking customer the bank will immediately close the card or account of the defaulting customer and report the same to Chief General Manager-in-Charge, Forex.

What are the, rBI guidelines for, forex trading india?

rbi guidelines forex trading india

Also those who are concerned with RBI please do ask this to them d if any one finds proper reply pls do post here. (DIR Series) Circular. Attention of the Authorised Dealer Category - I (AD Category - I) banks is invited to and wherein AD Category I banks were advised to exercise due caution and be extra vigilant in respect of the margin payments being made by the public for online. At the international level exchange, comex is used as regulators. Forex Trading or Currency campus forex indonesia Trading is Risky and not for everyone. Do you deal in forex trading if yes; Do share your experience!

rbi guidelines forex trading india

Some of the rules regarding Forex trading are mentioned below:.
You can only carry out currency derivatives trading on exchange platforms.

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