work from home jobs for chartered accountants the defaulting customer and report the same to Chief General Manager-in-Charge, Forex. Such a mechanism will provide transparency while enhancing competition and lead to better pricing for customers. Further, AD Category-I banks were also advised to exercise due caution in respect of the accounts being opened in the name of individuals or proprietary concerns at different bank branches for collecting the margin money, investment money, etc. The, reserve Bank of India has allowed individuals and small businesses to use foreign exchange trading platform as they can use the inter-bank trading platform to cut forex deals, a move that will bring transparency in pricing.
Never choose an international Forex cara mudah profit trading forex broker, especially if you are advised against it, but Non-resident Indians are free to choose a Forex broker of their choice according to the laws applicable in their jurisdiction. Sebi also imposes restrictions on the maximum available leverage, types of trading, and the rules governing exotic currency pairs. Forex trading used to be a private activity in India that was exclusively made available to the Reserve Bank of India, other allied banks, and large financial institutions. Sep 29, 2017, money Changing Activities, aug 01, 2017. Sebi Forex brokers have the option of offering Forex trading products as part of its services portfolio, but these brokers are required to follow all guidelines issued by the sebi and the official authorities governing the fema act. Jul 04, 2014, hedging of Price Risk in Commodities. Indian Forex traders are not supposed to indulge in any currency pairs that does not involve the INR as the base or" currency. Skip to main content, aug 30, 2018, issuance of Rupee Denominated Bonds Overseas. September 17, 2013, to, all Category - I Authorised Dealer Banks. Therefore, Foreign exchange and Forex transactions play an integral part in the Indian economy. Yours faithfully, (Rudra Narayan Kar chief General Manager-In-Charge). (DIR Series) Circular.