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of <h1>Non-permanent residents can hold unlimited foreign currency if acquired abroad and brought legally into India</h1> A person resident in India but not permanently resident may possess unlimited foreign currency in the form of currency notes, bank notes and travellers cheques, provided such foreign currency was acquired while residing outside India and brought into India in compliance with applicable regulations. Not permanently resident refers to individuals residing in India for employment of specified duration or specific job assignments not exceeding three years, regardless of actual length of employment duration.
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