Foreign currency possession and retention regulations establish a new framework, replacing the earlier regime upon Official Gazette publication.

Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015 establish the regulatory framework for possession and retention of foreign currency under the Foreign Exchange Management Act, 1999. Made under specified rule-making and enabling powers, they supersede the earlier 2000 regulatory regime, as amended, and take effect upon publication in the Official Gazette.

---

---

---