Deletion of Non-Resident Ordinary designation in Borrowing and Lending in Rupees modifies Regulation 7 and takes immediate effect. The notification amends the Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations, 2000 by deleting the words 'Non-Resident Ordinary (NRO)/' from the proviso to Regulation 7; the amendment is made under the foreign exchange statute and takes immediate effect.