Is Forex Trading Legal in India ? – Detailed Video

Is Forex Trading Legal or Illegal in India? Can I go to Prison for trading Forex in India?
This video discusses in detail exactly what is the Confusion relating to Forex Trading in India, exactly what is the Reserve Bank of India's position, and why it is so hell bent on Banning Forex Trading when there is a lot more to do to the economy.
This video also discusses you the Liberalized Remittance Scheme of India, and how it is to be used and how it is not to be used for Leverage trading and Gambling. Do you understand that under the LRS, the Liberalized remittance Scheme, any Indian can send 200,000 United States dollars beyond India to buy Equities, property and other feats, without taking any consent from the RBI … however Liberalized Remittance Scheme is not supposed to be utilized for Margin Trading and Gaming.
This video describes in information, how there was Mayhem in the post 2007 era of the India Shining, and the number of Major International Forex brokers were doing fantastic business in India under the nose of RBI and RBI didn't do anything to stop them.
Forex Trading was never ever illegal in India, there was and is restriction in trading couple of currency sets, but INR pairs were constantly legal to trade.
This video also provides you fortunately about how now any 'Indian can Trade Eurousd, GBPUSD and USDJPY sets without breaking any FEMA or FERA laws and generate income trading right here in India with a Sebi regulated broker.

Following is the Economic Times Short article:

RBI allows three more cross currency sets to be sold derivatives market
MUMBAI: Corporates and well-heeled investors will now have more leeway to hedge their overseas currency direct exposures as the Reserve Bank of India has allowed three more cross currency pairs, to be sold the exchange traded derivatives market including futures and choices.
Presently four currency sets are traded in futures market viz. rupee-dollar, rupee-pound, rupee-yen, and rupee-euro. Of which rupee-dollar was just allowed alternatives market in domestic stock market like NSE and BSE.

" It has been decided to allow the recognized stock market to offer cross-currency futures agreements and exchange traded alternative agreements in the currency sets of EUR-$( euro-dollar), GBP-$( pound-dollar) and USD-JPY (dollar-yen)," RBI stated in a notification.
" Identified stock market are also allowed to provide exchange traded currency choice contracts in EUR-INR, GBP-INR and JPY-INR in addition to the existing USD-INR option contract, with instant impact."
Business from information technology and production area are most likely to take advantage of this addition as they have growing business associations in Europe, Japan, and UK, dealerships stated.
With the new standards the currency cat has broadened consisting of brand-new sets, which in turn, will help increase involvement in domestic stock market.
The reserve bank announced prepare for such inclusion previously in September financial policy.
Foreign financiers too can take bet on these.
Additionally, talks are going on to extend timing of futures and alternatives trading to line up with other global markets like Singapore, Hong Kong, Europe.

Alpari in India