Foreign Exchange Dealer

Foreign Exchange Dealer's Association of India (FEDAI) was set up in 1958 as an Association of banks dealing in foreign exchange in India (typically called Authorised Dealers - ADs) as a self regulatory body and is incorporated under Section 25 of The Companies Act, 1956. It's major activities include framing of rules governing the conduct of inter-bank foreign exchange business among banks vis-à-vis public and liaison with RBI for reforms and development of forex market.

An Act to consolidate and amend the law regulating certain payments, dealings in foreign exchange and securities, transactions indirectly affecting foreign exchange and the import and export of currency, for the conservation of the foreign exchange resources of the country and the proper utilisation thereof in the interests of the economic development of the country.

Currency risks are never far away for the international business. A direct alternative to the banks, Halo Financial provides currency risk assessment strategies and best exchange rates to improve companies' profit margins. Whether you're buying or selling an overseas property, emigrating, importing a car or boat or making regular international currency transfers, Halo Financial's industry-leading foreign exchange service and exchange rates will save you money. If you are an Estate Agent, Emigration specialist, Lawyer or other professional whose clients require foreign exchange, Halo Financial's 360° Partner Program provides many benefits to both you and your clients.

Halo Financial is a leading specialist provider of commercial foreign exchange services. Our services are specifically catered to benefit both the international business and private individuals who require foreign currency and need expert assistance in successfully managing their foreign exchange exposures. Our professional services go far beyond simply quoting the very best exchange rates. They have been developed to help you achieve your business goals and your clients to realise their dreams and they can be tailored to meet both your exact requirements.