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RBI Updates Alert List of Unauthorized Forex Trading Entities

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The Reserve Bank of India (RBI) has added eight new entities to its 'Alert List' of unauthorised forex trading platforms, now totaling 56. The central bank cautions residents to use caution when utilizing unauthorized platforms and to verify a platform's authorization status on the RBI's website. Any resident using an unauthorised platform for forex transactions may face penal action under the Foreign Exchange Management Act. Stay safe by checking the authorized persons and ETPs list on the RBI's website.

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