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<h1>RBI Amends Foreign Exchange Management Regulations: Key Changes in Risk Management, Foreign Investments, and Property Acquisitions Abroad.</h1> The Reserve Bank of India issued a circular on February 5, 2004, notifying amendments to the Foreign Exchange Management Regulations under the Foreign Exchange Management Act, 1999. These amendments, detailed in the annexure, cover various areas including risk management, forward cover for foreign institutional investors, foreign currency loans to FCNR (B) deposit holders, liberalization of overseas direct investment through the automatic route, acquisition of immovable property outside India, and the enlargement of forward contract transactions. Authorized dealers are instructed to communicate these changes to their relevant constituents, as directed under sections 10(4) and 11(1) of the Act.