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of <h1>Bank Empowered to Regulate Foreign Exchange Transactions Through Comprehensive Notifications Under FEMA Provisions</h1> The statutory provision outlines the Reserve Bank's authority to make regulations under the Foreign Exchange Management Act. The bank can issue notifications to implement the Act's provisions, including specifying permissible capital account transactions, foreign exchange limits, repatriation procedures, currency possession restrictions, and other regulatory matters. Existing regulations remain valid until amended by the Central Government.
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