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RBI acts tough on offshore FX trading on the Internet

Discussion in 'Making Money' started by ayan787, Sep 18, 2013.

  1. ayan787

    ayan787 Registered Member

    Joined:
    Jun 11, 2013
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    Occupation:
    Manager at Devxstudio
    Location:
    India
    I have read the news in many sites. Is it true that RBI will take action against the trader who uses CC or online banking for trading in forex's site in India? Anyone knows the real story behind this? Is there anyway to continue forex trading in India? Many of indian forex trader uses their cards and bank account for forex so is it a warning to stop forex trading in india?

    http://economictimes.indiatimes.com/news/economy/policy/rbi-acts-tough-on-offshore-fx-trading-on-the-internet/articleshow/22681199.cms


    http://www.indianexpress.com/news/c...or-online-forex-trading-rbi-to-banks/1170485/