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of <h1>RBI Amends Regulation 4 of Foreign Exchange Management Act: New Rules on Inward Remittances for Indian Residents</h1> The Reserve Bank of India issued an amendment to the Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) Regulations, 2000, under the Foreign Exchange Management Act, 1999. This amendment, effective from its publication date in the Official Gazette, modifies the schedule to Regulation 4. The revised regulation specifies that inward remittances through normal banking channels are permitted, except those received under specific undertakings to the Reserve Bank, foreign currency loans, investments from abroad, or funds for specific obligations by the account holder.
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