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of <h1>RBI Extends Rupee Drawing Arrangements for Inward Remittances to Exchange Houses in Malaysia Under FEMA 1999 Guidelines.</h1> The circular addresses Authorised Dealer Category-I banks regarding the opening and maintenance of Rupee and Foreign Currency Vostro accounts for non-resident exchange houses. It references a previous circular from February 2008 and its amendments, detailing the Rupee Drawing Arrangements (RDAs) for inward remittances from exchange houses in specific regions. The circular extends RDAs under Speed Remittance procedures to exchange houses in Malaysia, while other instructions remain unchanged. Banks are advised to inform relevant parties, and the directions are issued under the Foreign Exchange Management Act, 1999, without affecting other legal permissions or approvals.
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