Can NRI do forex trading?

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NRIs are permitted to do forex trading in India by RBI without any restrictions.

NRIs are prone to currency risk hence they are allowed to hedge their Rupee currency risk through OTC transactions. An NRI is required to open an account with an authorised dealer bank (AD Bank) who has the license from RBI to buy and sell foreign currencies to deal in the forex market.

Topic: NRI Trading in Derivatives (Futures and Options Trading) in India Article

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