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Is there any limitation for placing a Foreign Currency & Gold Buy / Sell order?

April 26, 2017buy currency foreign gold limitation placing sell

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Is there any limitation for placing a Foreign Currency & Gold Buy / Sell order?

1 Answer

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Yes, the buy / sell rate cannot be placed higher or lower than 5 % of the prevailing rate. Further, the exchange rate and gold price stored must be in multiple of 0.01 and 5 respectively, except GBP which is in 0.05 and JPY which is in 0.0001. Besides, the orders will be executed from Monday to Friday during the service hours when the Bank’s rate quotation for such currency or gold is available at the time.