The latest additions include Starnet FX, CapPlace, Mirrox, Fusion Markets, Trive, NXG Markets, and Nord FX.
The central bank said that all the entities on the list are neither permitted to conduct foreign exchange transactions under the Foreign Exchange Management Act, 1999, nor cleared to run electronic trading platforms for forex dealings.
According to the RBI, the list also features entities, platforms and/or websites that appear to advertise, support, or provide training for unauthorised forex operations.
Moreover, the regulator further cautioned users that the compilation is not comprehensive and the absence of a name should not be interpreted as approval.
“This list is not exhaustive. An entity not appearing in the list should not be assumed to be authorised by the RBI,” the central bank added.It advised the public to verify the credentials of any person or platform against its official register of authorised entities and electronic trading platforms before engaging in forex transactions.