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<h1>Regulation 8 Amended: Commercial Paper Can Be Issued to NRIs and Foreign Institutional Investors in India.</h1> The Foreign Exchange Management (Deposits) (Amendment) Regulations, 2006, issued by the Reserve Bank of India, amends the Foreign Exchange Management (Deposits) Regulations, 2000. Effective from its publication date, the amendment modifies Regulation 8 by including the provision that Commercial Paper can be issued not only to a Non-Resident Indian but also to a Foreign Institutional Investor registered with the Securities and Exchange Board of India.