Forex In India Is Legal

Legal accessibility of forex trading is one of the most argumentative topics in india. Forex trading is legal or illegal.

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Forex trading is not completely illegal in india.

Forex in india is legal. When forex will be legal in india. Is forex trading legal in india. Dont look at forex trading as a get rich overnight business no matter what you may read in hyped up forex trading guides.

Rbi has maintain! ed certain rules and regulations regarding forex trading. Read more iforex legal in india. Being from india i had many doubts about legal aspects of forex trading.

4 such currency pairs usd inr yen inr gbp inr and eur inr pairs are currently available to trade. An indian citizen cannot send directly or indirectly fund to overseas forex brokersoverseas forex trading through electronic internet trading portalsas per rbi circular rbi2013 14265 ap. Let us find out overseas forex trading indialegal or illegal.

In india forex trading is legal if the base currency is the indian rupee inr. As you are a trader you should know all the rules and regulations of trading. Forex itself is a legitimate endeavor.

Conclusionforex trading in india legal or illegal forex trading in india legal. Dir series circular no. You can engage in forex trading as a real business and make real profits but you must treat it as such.

Only currency pairs which involve inr can be tra! ded legally on indian exchanges. To inform you better forex trading is legal in india only if you do it through registered indian forex brokers. 46 overseas forex trading through electronic or internet trading portals not permitted.

So you need not to be worry if you are a legal trader. The government is always lagging behind the illegal traders not the legal traders. There have been a lot of market speculations whether one can really do forex trading in india.

However a forex trade between two foreign currencies is illegal in india. Overseas forex trading from india is illegal for indian. So i took the opportunity to investigate and find answers to if forex trading is legal or illegal in india.

Are there any regulations to be followed from rbi. I requested aalma edwardsfinanical blogger to analyze and present a case study on overseas forex trading from india and its legality in india.

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