Forex trading: No Card Use for Forex Trade

RBI has asked banks to close the accounts of customers using credit or debit card for online forex trading transactions. Forex trading is a leveraged transaction and the public is being asked to make the margin payments for such online forex trading transactions through credit cards. RBI has banned such international forex trading.

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Cyber fraud: National Cyber Security Member Victim of Con

Sanjay Govind Dhande, cyber security member of the National Security Advisory Board (NSAB), was defrauded by more than Rs19 lakh electronically, in a hacker attack. The hackers had even blocked his SIM card so that he did not receive alerts from the bank when his account was being fraudulently emptied.

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Surprise Move
The RBI governor reminds us of the harsh reality
 
In the previous issue, we wrote...
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