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Where can one find a forex trading company in India?
In the country of India, Foreign Exchange or Forex trading is illegal. Any person found to be trading on the Forex market will be arrested and will face jail time.
What is the meaning of The Crossing?
A pair of currencies traded in the foreign exchange market (forex) that does NOT include the US dollar.
What specific problems does foreign exchange present INDIA?
If you are on an Indian passport you can take INR50,000 into India. If you are on any other passport you may NOT take in any Indian rupees into the country. All foreign currency you take in must be foreign. This rule however is rarely enforced however a risk adverse traveler would be best to take in USD and then exchange it once across the boarder.
Is trading forex in India legal?
It is not legal online. There is no regulation over the forex market in India except for a small segment of the equity market. You can invest in forex accounts through the NSE and the MCX. You need to have a trading account with them and the investments are in the form of derivatives. You are not buying or selling currencies. The returns are in the form of dividends and/or capital gains. These accounts can be opened with any bank. You can deposit money by cheque or cash or NEFT/RTGS. You can't trade in the forex market online.
In what city is the India Forex market based?
The India Forex market is based in the city of Mumbai. The corporate office is located at 7th Floor, Sangita Ellipse, Shahkar Road, Saraswati Bhawan Marg, Vile Parle(East), Mumbai.
What is the role of RBI in forex?
The Reserve Bank of India (RBI) plays a crucial role in the foreign exchange (forex) market by regulating and managing the country's forex reserves, ensuring stability in the currency exchange rates. It formulates and implements policies related to foreign exchange under the Foreign Exchange Management Act (FEMA), 1999. Additionally, the RBI acts as the custodian of India's foreign exchange reserves, intervenes in the forex market to curb excessive volatility, and facilitates external trade and payments. Through these actions, the RBI aims to maintain the overall stability of the Indian economy.
The word Forex is short for?
Forex is a contraction of 'foreign exchange,' which refers to the global currency exchange market.
What is Forex Services?
forex is Foreign Exchange (buying and selling of foreign currency)
What kind of training is covered in Forex training?
Forex training is learning the successful strategies and tips to perform Forex which is Foreign Exchange Trading. In Forex training you will learn about the foreign exchange market and how to begin.
What does the phrase forex trader mean?
The phrase "Forex Trader" means someone that trades on the Foreign Exchange market. (Forex is a commonly used abbreviation of Foreign Exchange market.)
Why do a nation need forex reserves?
Forex reserve or Foreign exchange reserves are only the foreign currency deposits and bonds held by central banks and monetary authorities. A country needs Foreign exchange reserves as it is important indicator of nation's ability to repay foreign debt and also for currency defense. It is also used to determine credit ratings of nations.
What is capital and foreign exchange?
In general capital is financial resources.. And Foreign exchange is called Forex.
What is other name for foreign exchange?
Forex, FX, currency exchange
What is the full form of FOREX?
Foreign exchange market .
What is foreign market manipulation?
manipulate in the securities of the FOREX(foreign exchange market)..
What is Forex Reserves?
Foreign exchange reserves (also called Forex reserves) in a strict sense are only the foreign currency deposits held by central banks and monetary authorities. However, the term foreign exchange reserves in popular usage (such as this list) commonly includes foreign exchange and gold, SDRs and IMF reserve position as this total figure is more readily available, however it is accurately deemed as official reserves or international reserves.
Does Forex Training provide for foreign exchange and commodity traders?
Yes, it does. It is implied in the title as Forex is short for Foreign Exchange. It is basically a decentralized market for trading currencies and commodities.
