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India's regulators crack down on retail Forex trading

|Includes: EPI, India Fund (IFN), IIF, INDY

RBI warns India's banks regarding credit card and bank transfers to Forex firms.

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India's financial regulators, led by The Reserve Bank of India ("RBI"), have been fairly vocal in trying to discourage global Forex firms from taking Indian clients. The latest volley in this effort is a warning to India's own domestic financial institutions, not to process cash or credit card transfers to Forex firms.

For more details see LeapRate's Forex Industry News at www.leaprate.com.