WebSep 7, 2024 · The Reserve Bank of India (RBI) has issued a warning against applications and platforms that are involved in illegal foreign exchange (forex) transactions and released … WebApr 6, 2024 · PTI / Apr 6, 2024, 20:45 IST. AA. New Delhi, Apr 6 (PTI) The Enforcement Directorate on Thursday said it has attached various kinds of movable and immovable assets like mutual funds, shares, bonds ...
RBI issues
Web1 day ago · The Foreign Exchange Management Act (FEMA) came into force by an act of Parliament and was enacted on December 29, 1999. The act empowers the Reserve Bank of India (RBI) to pass regulations ... WebOct 26, 2024 · In India, trading with currency pairs other than approved by the RBI is an illegal and punishable offense under the FEMA Act. Forex trading in India is legal only through authorized and registered brokers with SEBI. Trading through online brokers is a non-bailable offense in India and has serious legal consequences. subway spokane north
RBI issues alert list of entities not authorized to deal in forex trade ...
WebOct 5, 2024 · These directions shall be called ‘The Electronic Trading Platforms (Reserve Bank) Directions, 2024’. These Directions are issued to the entities operating Electronic Trading Platforms (ETPs) to transact trade in eligible instruments under the Directions. They shall come into force with effect from October 05, 2024. 2. Definitions Web2 days ago · Last week, the central bank surprised nearly every analyst by leaving the repo rate unchanged at 6.50% after six consecutive hikes, signalling it could consider further rate hikes if necessary. But a majority of 51 economists now expects the RBI to remain on hold for the remainder of 2024, despite inflation hovering near the top end of the 2-6% ... WebRBI allow remittance of up to USD 25,000 per calendar year. You can remit in foreign currency for an RBI-approved purpose. You can buy FOREX up to USD 25,000 only. If you … subway spokane cheney spokane road