RBI issues updated list of entities not authorized to deal in forex transactions

The Reserve Bank of India (RBI) today issued an updated alert list of entities that are not authorized to deal in foreign exchange (forex) transactions or operate electronic trading platforms (ETPs) for forex.   The Apex Bank in its press release issued today added eight names of platforms/websites. Earlier on February 10 the RBI issued the list of 48 entities in this regard.   The alert list contains the names of entities that do not hold the necessary authority under the Foreign Exchange Manag...