And Also it is perfectly legal for Indian Retail traders to invest in overseas equity markets.But margin trading in overseas is suppose to be illegal as per RBI regulation guidelines.The User conducts transactions on his own risk and undertakes full responsibility for their feasability.All the transactions are considered final and irrevocable.And all the transactions which have been declared non-permissible under FEMA are also not allowed.
If you are not agree to rules and conditions of working with Stock Exchange you must leave the Website immediately.
An Indian pedestrian walks out of The Reserve Bank of India (RBI) building in Mumbai on April 29, 2008. zoom=3&resize=500,307 1500w" sizes="(max-width: 500px) 100vw, 500px" data-recalc-dims="1" /The reports issued by the banks on this evidences also said that only corporations are allowed to trade but the conditionality for the corporations is to use only free dollars from their reserves.
India’s central bank held key interest rates steady but hiked the percentage of cash banks must hold in reserve to 8.25 percent to curb inflation riding at over three-year highs. Free dollars usage means that they are not allowed to convert the Indian currency to dollars and then use those converted dollars for trading.
I requested Aalma Edwards(Finanical Blogger) to analyze and present a case study on Overseas Forex trading from India and its legality in India.
Here is her first guest report over forex trading in india.