Foreign exchange release limits set; passport endorsement rules differ for business and private travel under regulatory framework. The Reserve Bank prescribes ceilings for foreign exchange sales by Full Fledged Money Changers for private and business travel (excluding Nepal and Bhutan). Authorised persons need not endorse amounts sold for business travel on passports but may record details under stamp, date and signature if requested; endorsement on the passport is mandatory where foreign exchange is sold for a private visit. Directions are issued under the Foreign Exchange Management Act and contraventions attract penalties.