Regarding Doing Currency Trading in USA
This query is : Resolved
Quick Summary
NIRMAL DAVE
(Querist)
06 January 2025
Dear All,
Can I do currency trading in USA market from India?
Is is legal under FEMA to remit INR from India to USA for the purpose of currency trading in USA market?
Thanks & Regards
Nirmal
Can I do currency trading in USA market from India?
Is is legal under FEMA to remit INR from India to USA for the purpose of currency trading in USA market?
Thanks & Regards
Nirmal
CA R SEETHARAMAN
(Expert)
06 January 2025
No, remitting funds for foreign exchange trading outside India is not permitted under the Liberalized Remittance Scheme (LRS).
NIRMAL DAVE
(Querist)
06 January 2025
Thank You Sir for your prompt and valuable reply.
CA R SEETHARAMAN
(Expert)
06 January 2025
You are welcome..
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