RBI directs banks for greater vigilance on forex trading and report unauthorised trading to ED

Mumbai (Maharashtra) [India], April 25 (ANI): The Reserve Bank of India (RBI) has issued a directive to banks regarding instances of unauthorized forex trading activities by certain entities.

RBI has directed banks to report to the Directorate of Enforcement (ED) of any account being used to facilitate unauthorized forex trading action.

The RBI has noted that some entities are offering forex trading facilities to Indian r