<h1>RBI Eases Rules for Indian Hospital Trusts to Invest Abroad; Approval Needed Per Circular No. 7, 2008.</h1> The Reserve Bank of India (RBI) has relaxed regulations under the Foreign Exchange Management Act, allowing registered trusts and societies involved in the hospital sector in India to invest in similar sectors abroad through joint ventures or wholly-owned subsidiaries. This change, outlined in circular no. 7 dated August 13, 2008, requires prior RBI approval and adheres to conditions specified in an earlier circular from June 27, 2008. The RBI is expected to issue a formal notification to amend the 2004 regulations to prevent potential legal disputes.