In addition, local banks are obliged to report account holders who use their credit cards for such purposes to the RBI. One of the most popular options are e-wallets like Skrill and especially Neteller.

However, SEBI Forex brokers are allowed to offer only INR based currency pair options for USD, EUR, GBP, and JPY. Alpari, an offshore based forex broker, today announced that clients using Neteller electronic wallet to fund their forex trading accounts now can make deposit in two new currencies: Indian rupees INR and Brazilian real BRL. Indian fans of Forex trading have suffered another blow earlier this week, as the Reserve Bank of India RBI on September 17th issued a notification that orders banks to act tough on anyone involved in online Forex trading.

India's government has permitted three state-run marketing companies to lift diesel prices marginally, and raised the limit of subsidized cooking-gas cylinders to nine per household from six annually.

Forex Brokers in India

Quotes from Barclays Capital: The recent fiscal-cliff resolution brings forward the possibility of INR appreciation that we previously expected to occur in Q2. Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading animal crossing new leaf get bells fast exchange, please make yourself acquainted with its specifics and all the risks associated with it.

Nord Forex India Private Limited- Offering lowest ever brokerage in Indian Stock Broking Industry, SEBI regulated forex broker in india

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