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of <h1>Diamond Dollar Account Rules Extended: RBI Amends Foreign Exchange Regulations to Provide Longer Application Window</h1> The Reserve Bank of India issued an amendment to the Foreign Exchange Management Regulations, extending the duration for Diamond Dollar Account applications from 2 to 3 years. The amendment was made under the Foreign Exchange Management Act, effective from the date of publication in the Official Gazette, modifying the existing regulations first established in 2016.
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