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Eur/usd - forex trading is not legal in india residents ??

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it service
27 Points Posted on 17 January 2015

Hi Sir,

 
 
 
I have seen notice from SEBI regarding Forex Trading in India. SEBI said that "Forex trading in India is not legal for Indian Residents for Pair Eur/Usd"
 
Please advice that is it legal or not now in India?
 
Regards,
Ankur
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On 17 January 2015 at 21:02 Report
Replies (5)
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mumbai
59 Points Posted on 19 January 2015
Yes true. There must be Indian rupees in the exchange. It means Indian rupees and usd can be interchanged by you legally.but u cannot interchange us with euro. Involvement of Indian rupees in the exchange is must
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On 19 January 2015 at 09:46
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student
48 Points Posted on 20 November 2016
It is now legal...watch this...
1 Reply
On 20 November 2016 at 01:06
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student
48 Points Posted on 20 November 2016
https://youtu.be/t5sGtKfLyMI
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On 20 November 2016 at 01:06
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student
48 Points Posted on 20 November 2016
it is now. legal...https://youtu.be/t5sGtKfLyMI

through LRS Scheme
1 Reply
On 20 November 2016 at 01:07
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Sole Proprietor
174 Points Posted on 23 May 2018

Hi all,

Is currency trading with a non indian broker legal in India in which currency pairs like EUR/USD is involved?

Also, can CAs trade in currency derivatives in forex market?

Thanks

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On 23 May 2018 at 17:29


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