Arvind s asked:
1. Is Forex Trading is approved by Reserve Bank Of India ?
1. Is Forex Trading is approved by Reserve Bank Of India ?
2. Why does all Banks in India does not allow Wire Transfer ?
3. Why Does they ask many questions while wire-transfer ?
4. Is it possible to do Forex Trading from India ?
Please reply…
Domingo Hammans
1. Ask them.
2. They do obviously judging by 3
3. Because they want to control money transfers leaving the country. It’s export of wealth and affects the balance of payments.
4. Yes. Open a forex broker account in another country that allows it.
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