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of <h1>RBI Amends Foreign Exchange Management Regulations: New Rule Allows Conditional Export/Import of Indian Currency Notes.</h1> The Reserve Bank of India issued amendments to the Foreign Exchange Management (Export and Import of Currency) Regulations, 2015. Effective upon publication, these amendments include removing a portion of Regulation 3, sub-regulation 1, and introducing a new Regulation 9. The new regulation grants the Reserve Bank authority to permit the export or import of Indian currency notes, subject to specific terms and conditions. This decision can be made upon application and if deemed necessary by the Reserve Bank. The changes aim to provide more flexibility in the management of currency export and import.
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