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of <h1>Foreign Exchange Purchase Limits Restored to 2009 Guidelines; Weekly Rs. 5000 Cap Removed Under FEMA, 1999 Regulations.</h1> The circular addresses authorized persons regarding the purchase of foreign exchange from foreign citizens, referencing previous circulars that allowed such exchanges up to Rs. 5000 per week until January 31, 2017. Following a review, the previous limits on cash withdrawals have been restored, reverting to the original guidelines outlined in a 2009 circular. Authorized persons are instructed to adhere to these guidelines and inform their constituents. The directions are issued under the Foreign Exchange Management Act, 1999, and do not override any other legal permissions or approvals required.
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