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of <h1>Authorized dealers can open foreign currency accounts for non-residents with Reserve Bank approval under Regulation 9</h1> Regulation 9 of the Foreign Exchange Management (Deposit) Regulations, 2000 permits authorized dealers to open foreign currency accounts for non-resident persons with Reserve Bank's prior approval. These accounts facilitate adjustment of import and export values under voluntary arrangements between non-residents and Indian residents. The provision enables netting of trade transactions where imported goods' value is adjusted against exported goods' value through such specially approved accounts.
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