No permission to trade forex in india by rbi

Hi my all INDIAN friends
I wish to inform you all that RBI doesnt
allow to trade forex online trading in INDIA.
Indian people cannot send money for purpose
forex Trading. I have met RBI on 17th April 2009
at Bombay Fort at 5th floor. I met to an Forex MARKET
Officer in RBI and enquired about forex tarding in INDIA
He replied " FOREX CURRENCY TRADDING IS NOT PERMITTED
IN INDIA" so we cannot send money by wire transfer for
the purpose of forex trading.

If anyone has doubt on this posting please visit RBI
and do enquire about it, your doubt will be cleared
immediately.

So be aware all .... forex trading is not allowed in INDIA
officially...

Take care all...

Vijay from Bombay

Hi vijay and others,

We can start forex tarding with various forex brokers outside india.They can accept money thru credit cards.Also they are authorized to give our profits via check systems.for details visit any of the forex brokers site.I prefer WWW.FXSOLUTIONS.COM.and iam the member of the same.

But may i know whether any one aware that STATE BANK OF INDIA opened online forex trading for public.If so please explain me how to join the same.

Hi,

Thanx for the response for my posting.
We can send money in other ways it's
true, but forex online trading is not permitted
to trade in INDIA. I have personally enquired
in RBI on 17th April 2009. We can send money
to brokers by paypal, Liberty Reserve, alrtpay,
e gold, e bullion, webmoney, moneybookers etc etc...
question is as for FOREX ONLINE TRADING purpose
we can not send money by wire transfer.this is
confirmed by local banks to also inquired too

Dear Vijay and others,

Please note i have been a member of fx solutions ( Forex Broker of USA ) for the past 1 year.I am continously making forex trades with them.Till now i have not faced any problems in tranfering funds to my account with them via wiretranfers for the purpose of forex online trading.and alosi i have not met any complications in receiveing my withdrawals from them.
I am not sure whether forex trading is officially approved in India but i know this can be done with other brokers outside India.

Hi,

Its excellent, good.:clapping: May I know which bank
sends money for you to broker via wire transfer?
please ... Yes its true that I have visited to RBI Bombay
and inquired about forex trading in INDIA RBI officer replied
it is not permitted in INDIA.

Thanx.

Hello,

If any one has doubt about forex trading in INDIA!!!
I request them to visit RBI Bombay forex Market
Department pls do enquire about forex trading
in INDIA you'll be clarified immdiate, I had also
asked said them about USDINR but after all
they said forex trading in INDIA is unofficial,
Pls do ask for their rules and regulations regard
this matter. or go to thier website and check out
yourself..

FOREX TRADING IS NOT PERMITTED OFFICIAL IN INDIA....

Pls visit RBI and get confirmed