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RBI Notification on Forex Trading

By Ak Sharma | Published on 18/01/2014

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This is the press release from Reserve Bank Of India, in this press release RBI has warned people who are involved in Overseas and domestic Forex Trading. RBI has stated that under Foreign Exchange Management Act, FEMA, 1999 do not permit residents of India to trade in foreign exchange in domestic/overseas markets.

If anyone ask you to invest in Forex, show them this notification.

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