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RBI Advisory on Overseas Forex Trading

The below notification was released by RBI. People who are investing should know the rules framed by RBI before they invest their hard earned money in to Forex. There are some foreign companies running aggressive campaigns in Internet. The problem is they share testimonies which shows extremely high returns with the investors name and details. People should be well aware about the FEMA act guidelines framed by RBI. In this press release RBI has actually warned individuals that are involved in Overseas and also residential Forex Investing. The overall meaning of the below letter from RBI shows that as an individual, one should not engage in Forex trading sitting from India.

If somebody approaching you to involve in Forex trading, show them this notice and get yourself clarified before you invest your hard earned money in to Forex market.