Dear traders,
I came across some unfortunate news for myself & fellow forex traders.
I just read the updated version of Liberalised Remittance Scheme from RBI website. Its clearly mentioned that forex trading is not permitted.
http://www.rbi.org.in/scripts/FAQView.aspx?Id=66
See Part A-Q.3- point iv)
Its clearly mentioned that "Remittance for trading in foreign exchange abroad"
is prohibited.
Guys this is very much frustrating for me. Not sure whats the fate of firms like Alpari, Fxcentral etc.
Your valuable inputs needed.
Thnx.
I came across some unfortunate news for myself & fellow forex traders.
I just read the updated version of Liberalised Remittance Scheme from RBI website. Its clearly mentioned that forex trading is not permitted.
http://www.rbi.org.in/scripts/FAQView.aspx?Id=66
See Part A-Q.3- point iv)
Its clearly mentioned that "Remittance for trading in foreign exchange abroad"
is prohibited.
Guys this is very much frustrating for me. Not sure whats the fate of firms like Alpari, Fxcentral etc.
Your valuable inputs needed.
Thnx.