RBI has noted that these organisations are giving locals the ability to transfer or deposit money in Rupees in order to conduct illicit foreign exchange transactions using domestic payment methods including internet transfers, payment gateways, etc.
RBI adds 19 unauthorised forex trading platforms in 'Alert List' : The Tribune India tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
RBI adds 19 unauthorised forex trading platforms in Alert List devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
The Reserve Bank of India has updated its Alert List of unauthorised forex trading platforms, adding 19 new ones to the total of 75. The list includes entities not authorized to deal in forex under the FEMA or operate ETPs for forex transactions. The RBI stated that the list is not exhaustive and should not be assumed to be authorised.