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The Times of India

Business

PTI

RBI issues 'alert list' on entities not authorised to deal in forex trading

RBI Reserve Bank FEMA Mumbai

MUMBAI: The Reserve Bank on Wednesday came out with an 'Alert List' containing the names of 34 entities, including OctaFX, Alpari, HotForex, and Olymp Trade, that are not authorised to deal in forex and operate electronic trading platforms in the country.

In a statement, the Reserve Bank of India (RBI) said that resident persons can undertake forex transactions only with authorised persons and for permitted purposes, in terms of the FEMA.

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