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of <h1>RBI Granted Comprehensive Powers to Regulate and Interpret Foreign Exchange Non-debt Instruments Rules, 2019</h1> The Reserve Bank of India is designated to administer the Foreign Exchange Management (Non-debt Instruments) Rules, 2019. The bank has the authority to interpret and issue directions, circulars, instructions, and clarifications necessary for effective implementation of these rules. This provision empowers the Reserve Bank to provide comprehensive guidance and oversight in managing non-debt foreign exchange instruments.
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