Principal-to-principal foreign exchange transactions: Offshore Banking Units may transact only with authorised dealers in India. Offshore Banking Units are permitted to conduct foreign exchange dealings only with authorised dealers in India and such dealings must be conducted on a ... Summary
Principal-to-principal foreign exchange transactions: Offshore Banking Units may transact only with authorised dealers in India.
Offshore Banking Units are permitted to conduct foreign exchange dealings only with authorised dealers in India and such dealings must be conducted on a principal-to-principal basis, restricting intermediary or agent-based currency dealings by Offshore Banking Units.
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