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Forex (Foreign Exchange)

This section provides basic and useful information relating to Forex i.e. Foreign Exchange.

Forex TradingDifferent types of trading viz. trading in Spot market trading, Forwards market and Futures market.
Forex QuotesDifferent Quotes (rates) used for trading in Forex markets.
Forex GlossaryGlossary of commonly used terms in Forex Market.
INCOTERMSInternational Commercial Terms and their meaning.
Forex Facilities for ResidentsDetails of various Forex facilities available to residents in India.
LRS of $250,000 Details of Liberalized Remittance Scheme of USD 250,000/- available to Resident Indians for various purpose including
  • Private visits abroad
  • Gift to a person residing outside India or as donation to an organization outside India
  • Going abroad for employment
  • Maintenance of close relatives abroad
  • Business trip
  • Medical treatment abroad
  • Students for pursuing their studies abroad
  • Purchasing objects of art subject to the provisions of other applicable laws etc.
Forex Facilities for NRIs / PIOsDetails of various Forex facilities available to NRIs and Persons of Indian Origin
Letter of CreditInformation on various terms used and their meaning in issuing, advising, negotiating and discounting Letter of Credit (LC) / Documentary Credit.

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Updated : Jan 24, 2019