 "Reserve Bank of India, RBI")
After receiving repeated enquiries on the authorisation status of certain electronic trading platforms for foreign exchange transactions, the Reserve Bank of India has released a list of entities that are not authorised to undertake such trades.
The list, which will be referred to as an ‘alert list’, is not exhaustive and is based on the latest information available to the RBI at the time, the central bank said on Wednesday. The list includes entities that are neither authorised to deal in foreign exchange under the Foreign Exchange Management Act, 1999 nor to operate electronic trading platforms for forex transactions.
