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of <h1>RBI Circular: Non-residents can carry Rs. 10,000 INR to Duty-Free Area at airports; must dispose before boarding.</h1> The circular issued by the Reserve Bank of India outlines instructions for money-changing activities at international airports in India. It permits non-residents to carry up to Rs. 10,000 in Indian currency beyond the Immigration/Customs desk to the Duty Free Area/Security Hold Area (SHA) for miscellaneous expenses. Non-residents must dispose of Indian currency before boarding their flight. Foreign Exchange Counters in these areas will only buy Indian Rupees and sell foreign currency to non-residents. Airport Authorities are responsible for displaying reminders about currency regulations. Non-compliance with these guidelines could result in penalties under the Foreign Exchange Management Act, 1999.
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