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of <h1>RBI Amends Regulations Allowing Individuals to Import/Export Indian Currency with Approval Under FEMA, 1999</h1> The Reserve Bank of India issued Notification No. FEMA.38/2001-RB on February 27, 2001, amending the Foreign Exchange Management (Export and Import of Currency) Regulations, 2000. This amendment, effective immediately, introduces a new sub-regulation allowing individuals, upon application and approval, to take or bring Indian currency notes in or out of India under specified terms and conditions. This modification is made under the authority of the Foreign Exchange Management Act, 1999, and partially revises a previous notification from May 2000.
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