In India, RBI has the authority to hold all the essential assets, such as Forex or Foreign Exchange Reserves in the form of Foreign Currencies. Further, these assets are responsible...
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The Foreign Exchange Reserves or Forex are the essential assets held by the RBI in foreign currencies. These assets influence the country’s monetary policy, international trade and exchange rate. To...
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The business of foreign exchange or foreign securities can only be undertaken by Authorised Money Changers, who have obtained the Full-Fledged Money Changer License from the RBI. In this guide,...
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The activities relating to foreign currency or money exchange can only be undertaken by Authorised Money Changers, who hold the FFMC or Full-Fledged Money Changer License. Any business who holds...
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Foreign exchange is crucial for a country to stay in the global trade mixture. Foreign exchange deals with trade of foreign currency in case of any transaction that happens internationally....
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In recent times, the Forex industry has flourished at a rapid pace in India. The currency exchange business model is a gateway to profit-making opportunities for budding entrepreneurs. Since the...
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Have you ever heard about Full Fledged Money Changer? If you have heard about Full Fledged Money Changer, have you ever tried to understand who regulates it? Still, puzzled? Are...
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India sustains a steady growth in the volume of foreign trade which enriches our country’s communication system and makes room for the traders to outreach the domestic boundary. The persistent...
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The thought of starting a currency exchange business must have crossed your mind as there are higher chances of earning substantial profits in it. Though recently there has been a...
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According to Section 10 of the Foreign Exchange Management Act, 1999, any business that seeks to engage itself in the money changers activity must acquire FFMC License in India. Along...
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