Finance, Forex and Investments

how can forex trade be legal in india when RBI doesnt allow according to FEMA?

i was very much looking forward to invest in forex but later i came to know through forums that its illegeal in india. then i searched for these FEMA rules it states clearly: "no person resident in India shall open or hold or maintain a Foreign Currency Account" then why some ppl on forum said its legal in india? there must be many ppl in india who invest in forex. how to invest legally?

Public Comments

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