Rbi rules for forex trading x dividend


Rbi rules for forex trading x dividend


Henceforth, RBI will not notify the names of foreign mining companies from which such an importer may import roughs by way of advance payments and without any limit or bank guarantee or standby letter of credit.However, banks remitting the advance payments must adhere to certain conditions. RBI says banks should undertake the transactions on their commercial judgment and after being satisfied about the genuineness of the transaction.

There are no restrictions with regard to the end-use of foreign exchange except for prohibited transactions such as margin trading and lottery, RBI said.




Rbi rules for forex trading x dividend

Rbi rules for forex trading x dividend

Rbi rules for forex trading x dividend



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