Exchange facility for foreign citizens extended; authorised persons to continue limited weekly conversion of foreign currency into Indian notes. The Reserve Bank extended existing instructions permitting foreign citizens to exchange foreign exchange for Indian currency notes under a prescribed weekly limit, directing Authorised Persons to continue administering the facility and inform their constituents; the directions are issued under the Foreign Exchange Management Act, 1999 and without prejudice to other statutory permissions.
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Exchange facility for foreign citizens extended; authorised persons to continue limited weekly conversion of foreign currency into Indian notes.
The Reserve Bank extended existing instructions permitting foreign citizens to exchange foreign exchange for Indian currency notes under a prescribed weekly limit, directing Authorised Persons to continue administering the facility and inform their constituents; the directions are issued under the Foreign Exchange Management Act, 1999 and without prejudice to other statutory permissions.
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