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of <h1>Indian residents can hold unlimited foreign exchange in compliant accounts under Regulation 8 FEMA</h1> Regulation 8 of the Foreign Exchange Management Act allows Indian residents maintaining foreign currency accounts under Regulations 6 and 7 to hold unlimited foreign exchange, unless the Reserve Bank of India specifies otherwise. This provision removes quantitative restrictions on foreign currency holdings for compliant account holders, subject to regulatory discretion by the central bank authority.
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