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<h1>Permitted currency expansion: FCNR(B) deposits may be accepted in any freely convertible foreign currency under FEMA regulations.</h1> Authorised Dealer banks may accept FCNR(B) deposits in any permitted currency, meaning a foreign currency that is freely convertible under FEMA regulations; banks should notify account holders of this liberalisation, which is issued under the Foreign Exchange Management Act and without prejudice to other statutory permissions.