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of <h1>RBI Updates Foreign Exchange Management Regulations: Key Changes in Currency Accounts, Export Facilities, and Overseas Investments.</h1> The circular issued by the Reserve Bank of India on August 16, 2003, addresses authorized dealers in foreign exchange, highlighting amendments to the Foreign Exchange Management Regulations, 2000. These amendments, notified by the government and detailed in the annexure, pertain to various aspects such as foreign currency accounts, export facilities, overseas investments, and related transactions. Authorized dealers are instructed to inform their constituents about these changes. The circular is issued under specific sections of the Foreign Exchange Management Act, 1999, and includes copies of relevant notifications for implementation.
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