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RRSB Forex is the most reputed and trusted platform for foreign currency exchange in India, money remittance, and foreign travel cards in India. We built our institution and reputation on the trust bequeathed upon us by our valuable customers. The transparent business done by our customers is the reason why RRSB Forex is the only place they go. Our customers can do any foreign currency exchange with ease. Whether you want to buy, sell, or send money abroad, at RRSB Forex you are assured of the highest quality of services and the most competitive rates for the most returns on your money. Although you can trade currencies in an offshore market legally, the RBI is slightly wary of the market and the growing interest in NDFs of Indian residents. As it becomes hard to manage India’s financial stability because of the high volume of offshore currency trades, the offshore market also decreases the currency trading share in India. Furthermore, as the offshore market is less regulated and comes with negligible rules and regulations, the RBI fears that it can be used for illicit trades or to launder money in and out of India.
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Yes, forex trading is legal in India, but it is subject to certain restrictions and regulations enforced by the Reserve Bank of India and the Securities and Exchange Board of India. It is important to ensure that you are complying with all the necessary guidelines and requirements before engaging in forex trading in India. Exness is a well-known forex broker that offers online trading services to clients around the world. They have gained popularity for their low spreads, high leverage, and a wide range of trading instruments. However, when it comes to trading with a forex broker, one of the most important factors to consider is regulation. This brings us to the question — is Exness regulated in India? In this blog post, we will take an in-depth look at the regulatory status of Exness in India and discuss the implications of trading with a regulated or unregulated forex broker.