NRI trade currency options

Discussion in 'Forex' started by pavybez, Jan 24, 2011.

  1. pavybez

    pavybez New Member

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    Hi,

    I am non-resident of India and want to know if
    - it is legal for NRIs to trade USD INR currency options
    - Any good brokers that offer this facility

    Best regards
    pavy
     
  2. preetksgill

    preetksgill Guest

    www.icicidirect.com is the best option for you.
     
  3. prashwa

    prashwa New Member

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    NRI and FII are not permittee to trade in USDINR
     
  4. preetksgill

    preetksgill Guest

    lol , show me proof of this xxxxx statement.
     
    Last edited by a moderator: Jan 25, 2011
  5. prashwa

    prashwa New Member

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    look at the notification of RBI and SEBI under the FEMA Act
     
  6. vetmalar

    vetmalar New Member

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    for NRI -no restriction to trade on forex....u can trade whichever currency u want on abroad broker....
    why are you worried about USDINR..thats not volatile...when compared to other currency options
     

  7. preetksgill

    preetksgill Guest

    show me the exact wording, the link etc. :D:D
     
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