i want to enter into the currency exchange business...

but the currencies that i want to deal with are generally e currencies like paypal,alertpay(payza),moneybookers,liberty reserve,perfectmoney and several others..

so i want to know that do i need RBI permission to start this type of business activity.

or just following FEMA guidelines by incorporating company will complete my task.

looking for professionals to answer my question as  i am a newbie here and looking forward to do this kind of business in india legally....