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RBI Clampdown On Online Forex Trading

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September 20: Our investigation shows that illegal forex traders speculate in offshore markets and illegally route money from Indian investors to tax havens. This prompted RBI to crack down on offshore forex trading by Indians by online trading websites and ask banks to report any such remittances. Meanwhile, a SEBI probe discovered misuse of funds raised via GDRs and now plans a mechanism to oversee the use of such funds. Fight Back details irregularities in the markets.