Limit on holding in foreign currency accounts - residents may hold foreign exchange without limit unless regulator stipulates otherwise. Regulation 8 provides that a person resident in India who has opened and maintains a foreign currency account under the relevant regulations may hold ... Summary
Foreign Exchange Management (Foreign Currency Accounts By A Person Resident In India) Regulations, 2000
Limit on holding in foreign currency accounts - residents may hold foreign exchange without limit unless regulator stipulates otherwise.
Regulation 8 provides that a person resident in India who has opened and maintains a foreign currency account under the relevant regulations may hold foreign exchange in that account without any limit, subject to any contrary stipulation by the monetary regulator.
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