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of <h1>Foreign Exchange Earnings: Convert EEFC Account Balances to Rupees Monthly, Accounting for Approved Uses and Commitments</h1> 100% of foreign exchange earnings can be credited into an Exchange Earners Foreign Currency (EEFC) account. However, the total accruals in the account for a calendar month must be converted into Rupees by the last day of the following month. This conversion should account for any balances used for approved purposes or forward commitments.
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