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of <h1>RBI Doubles Foreign Exchange Limit for Private Travel to USD 10,000; Appoints Nodal Officers for Oversight.</h1> The Reserve Bank of India issued a circular to authorized dealers in foreign exchange, highlighting changes in the release of exchange for private travel. Previously, the limit for exchange release was USD 5,000, which was increased to USD 10,000 as per a prior circular. The circular also announces the appointment of Nodal Officers at the Jammu, Srinagar, and Nagpur offices to handle applications exceeding this limit. These directions are issued under the Foreign Exchange Management Act of 1999. Authorized dealers are instructed to inform their relevant constituents about these updates.
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