Following its strong stance taken against online trading in the global FX markets in India. The country’s central bank has issued a further notification aimed at banks, demanding the closure of individual’s bank accounts if they are found guilty of trading in FX, by transferring their funds in the $5.3 trillion a day asset class. The move comes after the Reserve Bank of India (RBI) has been on the back foot, post rupee crisis. The central bank has been issuing more notifications over the last six months than ever before, as pressure builds up on the economy. According to the notification issued this week, banks are ... (full story)