Borrowing and lending in rupees: Second Amendment regulations impose RBI controls on cross border rupee lending. Regulations establish a framework under the Foreign Exchange Management Act, 1999 for borrowing and lending in rupees between persons resident in India and persons resident outside India; the Reserve Bank of India issues the Foreign Exchange Management (Borrowing and Lending in Rupees) (Second Amendment) Regulations, 2000, specifies the short title, and provides an effective commencement date to bring the amended provisions into force.
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Borrowing and lending in rupees: Second Amendment regulations impose RBI controls on cross border rupee lending.
Regulations establish a framework under the Foreign Exchange Management Act, 1999 for borrowing and lending in rupees between persons resident in India and persons resident outside India; the Reserve Bank of India issues the Foreign Exchange Management (Borrowing and Lending in Rupees) (Second Amendment) Regulations, 2000, specifies the short title, and provides an effective commencement date to bring the amended provisions into force.
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