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of <h1>Foreign Exchange Management Rules Amended: Rule 7 Omitted on International Credit Card Use Outside India. Effective Immediately.</h1> The Central Government, in consultation with the Reserve Bank of India, has amended the Foreign Exchange Management (Current Account Transactions) Rules, 2000. This amendment involves the omission of Rule 7, which pertains to the use of international credit cards while outside India. The amendment is made under the powers granted by the Foreign Exchange Management Act, 1999, and is deemed necessary in the public interest. These changes are effective from the date of publication in the Official Gazette.
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