Regarding Doing Currency Trading in USA

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NIRMAL DAVE (Querist)
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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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 January 2025 No, remitting funds for foreign exchange trading outside India is not permitted under the Liberalized Remittance Scheme (LRS).

NIRMAL DAVE

NIRMAL DAVE (Querist)
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06 January 2025 Thank You Sir for your prompt and valuable reply.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 January 2025 You are welcome..
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