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<h1>Indian Residents Barred from Providing Guarantees to Non-Residents Without RBI Approval Under Regulation 3</h1> Regulation 3 of the Foreign Exchange Management (Guarantees) Regulations, 2000 prohibits residents in India from providing guarantees or sureties for debts or obligations owed to non-resident entities, unless specifically permitted by the Reserve Bank. The regulation aims to control and restrict foreign exchange transactions involving guarantees between Indian residents and non-residents, with exceptions allowed through general or special permissions from the central banking authority.