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of <h1>Foreign Exchange Restrictions Limit Transactions and Travel to Nepal and Bhutan Under Regulatory Control</h1> The statutory provision prohibits drawing foreign exchange for specific transactions, travel to Nepal or Bhutan, or transactions with residents of those countries. The Reserve Bank of India retains discretionary power to exempt restrictions under clause (c) by imposing terms and conditions through special or general orders, subject to regulatory guidelines governing current account transactions under foreign exchange management regulations.
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