Quote from: S_D on June 16, 2017, 03:35:18 PM

Quote from: ninad.mohile on June 16, 2017, 02:29:19 PM

-snip-
@S_D so do you trade only as much as fema prescribed or is there a method to enhance the limit under some other declaration?
Also what should be the precautions to buy on international usd exchange and sell in inr... I mean keeping arbitrage aside, I can still sell in India if the value appreciates.

My CA suggests I shouldn't disclose how I trade Grin

However, I could advice you that FEMA has no 'prescription' it has limits though, and it's way above your threshold if you are seeking an answer to this question. So be assured you won't cross it.

Arbitrage, fees and TAT shall only be things I would be concerned.
If you are planning to sell after the value appreciates, then you will be better off trading on futures on OKC or Finex.

Also its happy hours for BTC in India right now, don't exploit these happy hours and you should be fine.

Is the FEMA limit same as LRS?
Is there any way to cross the limit?
Would you mind sharing your CA contact details? I have been looking for one