Foreign exchange transactions by Offshore Banking Units require principal-to-principal dealings with authorised dealers in India. Foreign exchange transactions by Offshore Banking Units may be undertaken with authorised dealers in India only on a principal-to-principal basis. This ... Summary
Foreign exchange transactions by Offshore Banking Units require principal-to-principal dealings with authorised dealers in India.
Foreign exchange transactions by Offshore Banking Units may be undertaken with authorised dealers in India only on a principal-to-principal basis. This condition governs the permitted transactional relationship for such dealings under the offshore banking framework.
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