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of <h1>Authorized Money Changers can now sell Indian rupees to foreign tourists using international cards, per Foreign Exchange Management Act.</h1> The memorandum outlines revised instructions for Authorized Money Changers (AMCs) regarding money-changing activities. AMCs are now permitted to sell Indian rupees to foreign tourists and visitors using international credit or debit cards, with a requirement to promptly secure reimbursement through standard banking channels. All other instructions from the previous circular dated March 09, 2009, remain unchanged. This directive is issued under specific sections of the Foreign Exchange Management Act, 1999, and does not override any other legal permissions or approvals required. Authorized Persons are advised to inform their relevant constituents of these updates.
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