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In a recent circular issued by the RBI on 7th September 2022, the apex bank of India has declared 34 online forex trading online platforms as illegal including some famous forex trading platforms such as OctaFX India, Binomo, and Olymp Trade.

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Global markets are awaiting the results of the US Federal Reserve (Central Bank) meetings scheduled for today and tomorrow, amid growing concerns that the Federal Reserve will raise interest rates, which may negatively affect stock markets, while contributing to supporting the value of the dollar. Although economists at global investment banks have indicated that the Federal Reserve may tighten monetary policy at each meeting, starting next March, the majority of economists in a Bloomberg survey expected the "US Federal Reserve" to use the monetary policy meeting on January 25-26, In order to suggest a 25 basis point increase in the benchmark interest rate, two experts are eyeing a sudden 50 basis point increase, which would be the largest since 2000, to combat higher price pressures. official advice The most notable official statement was by Lyle Brainard, who was nominated by US President Joe Biden to take over as Vice Chairman of the Federal Reserve, where she stated that the Fed may raise interest rates from next March.

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