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25Apr 2024

RBI CAUTIONS AGAINST ILLEGAL FOREX TRADING, ADVISES BANKS AND CUSTOMERS.

Why in the news? RBI warns against illegal forex trading through unauthorised entities, instructs banks to report to the Enforcement Directorate. source:ET About RBI Alert: Unauthorised Forex Trading The Reserve Bank of India (RBI) has issued a cautionary circular to banks and customers regarding unauthorised entities offering forex trading with promises of high returns. These …

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