RBI plans to ease remittance and outside investments

India's central bank has decided to set up a special panel to review current forex regulations for inward and outward transactions from India.

Margin Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term traders were hit hard when RBI made clear statements about the eligibility of Forex as an investment product in February 2011 and later outlawed credit card payments for FX trading. it clearly stated that individuals cannot trade with online foreign brokers.

Indian residents used to send funds to international brokers via the banking system under the liberalised remittance scheme.

RBI's move could show positive signs for FX traders as there maybe limits set for foreign transactions.

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