Export and import of currency regulated by authority under FEMA, establishing a framework for cross-border movement of currency. The Reserve Bank of India, under powers conferred by the Foreign Exchange Management Act, promulgated the Foreign Exchange Management (Export and Import of Currency) Regulations, 2000 to establish the legal basis and regulatory framework governing the export and import of currency and currency notes into and out of India, with the Notification published in the Official Gazette by the Exchange Control Department.