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In a circular issued late on Tuesday, the Reserve Bank of India (RBI) asked banks to advise customers not to undertake forex trading on foreign websites that offer

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The RBI cracked down on offshore foreign exchange trading by Indians through online trading websites, asking banks to report any such remittances to the regulator.

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2018-11-15 · The increase in RBI's capital base is largely driven by the increased accumulation of forex reserves in the post-crisis era

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RBI Guidelines. Forex Facilities for Residents (Individuals) (As on Oct 1, 2003) RBI has recently come out with a scheme vide their circular AP

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The RBI also asked banks to close the credit card or online bank account of a customer that is found to be in violation of the rule. Forex trading gives sure shot

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2019-02-02 · The volatility in the foreign exchange and bond market is helping the government to bridge some of its fiscal deficit. The Reserve Bank of India (RBI) is

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2013-08-13 · RBI clearly allows Investment abroad and holding a international bank account for individual upto 50000.00 USD per annum ( including forex trading and

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RBI manages forex and gold reserves of the nation. On a given day, the foreign exchange rate reflects the demand for and supply of foreign exchange

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Banks cautious after RBI forex directive. Aparna The circular further added that any person indulging in such activities would make themselves liable to be