Does FOREX TRADING is LEGAL in India?💰🇮🇳 | Legality of Forex ✅🔥

Check FOREX LEGALITY 💰✅👇
•The Reserve Bank of India (RBI) regulates the forex market in India. According to Indian law, forex trading is legal only if it is done through a registered Indian broker. Individuals are not allowed to trade in the forex market on their own without the assistance of a registered broker.

•Individuals and entities interested in forex trading in India must comply with the regulations set forth by the RBI under FEMA. These regulations cover aspects such as the amount of foreign exchange that can be traded, permissible currencies, authorized dealers (usually banks) through which forex transactions can be conducted, and reporting requirements for certain transactions.

•Yes, forex trading is legal in India but with certain restrictions. As stated earlier, forex trading can only be done through a registered Indian broker. Additionally, forex trading is limited to specific currency pairs such as USD/INR, EUR/INR, JPY/INR, and GBP/INR.