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how can forex trade be legal in india when RBI doesnt allow according to FEMA?
Asked by: forexsheet 94 views
i was very much looking forward to invest in forex but later i came to know through forums that its illegeal in india. then i searched for these FEMA rules it states clearly:
"no person resident in India shall open or hold or maintain a Foreign Currency Account"
then why some ppl on forum said its legal in india? there must be many ppl in india who invest in forex. how to invest legally?
