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of <h1>RBI Amends Regulation 8: Travelers to Nepal/Bhutan Can Carry Indian Currency Notes Up to 25,000 in 500/1000.</h1> The Reserve Bank of India issued the Foreign Exchange Management (Export and Import of Currency) (Second Amendment) Regulations, 2014, effective upon publication in the Official Gazette. This amendment modifies Regulation 8 of the 2000 Regulations, allowing individuals traveling from India to Nepal or Bhutan to carry Indian currency notes of 500 and/or 1000 denominations up to a limit of 25,000. The amendment specifies that this is an exception to the general restriction on taking or sending currency notes out of India to these countries.
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