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), 1999, do not permit residents to trade in foreign exchange in domestic or overseas markets, RBI said in a statement.
refer : http://economictimes.indiatimes.com/markets/forex/individuals-cannot-trade-in-forex-market-rbi/articleshow/7542261.cms
The existing regulations under Foreign Exchange Management Act (FEMA), 1999, do not permit residents to trade in foreign exchange in domestic or overseas markets, RBI said in a statement.
refer : http://economictimes.indiatimes.com/markets/forex/individuals-cannot-trade-in-forex-market-rbi/articleshow/7542261.cms
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