Block allocation of foreign exchange permits Reserve Bank approval of allocations subject to conditions after limits are exhausted. Block allocation permits the Reserve Bank to approve, on application and subject to terms and conditions, a foreign exchange allocation for an Indian ... Summary
Block allocation of foreign exchange permits Reserve Bank approval of allocations subject to conditions after limits are exhausted.
Block allocation permits the Reserve Bank to approve, on application and subject to terms and conditions, a foreign exchange allocation for an Indian party that has exhausted its available limit; the Reserve Bank may take into account factors specified in related regulatory provisions. The provision has been superseded by a later notification.
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