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of <h1>RBI amends Foreign Exchange Regulations, 2000: Removes 'EEFC Account' from Regulation 4(iv) for immediate effect.</h1> The Reserve Bank of India issued an amendment to the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000. This amendment, effective immediately, modifies Regulation 4, sub-regulation (I), clause (iv), by removing the words 'EEFC Account or.' This change is made under the authority of the Foreign Exchange Management Act, 1999, and partially modifies a previous notification from May 2000. The amendment was published in the Official Gazette of the Government of India on August 25, 2000.
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