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of <h1>RBI Amends Foreign Exchange Regulations: New Rules for Foreign Central Banks and Non-Resident Investor Securities Purchases</h1> The Reserve Bank of India has amended the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000. These amendments, effective upon publication in the Gazette, introduce a definition for 'Foreign Central Bank' and allow non-resident Indians, registered Foreign Institutional Investors, and Foreign Central Banks to purchase securities other than shares or convertible debentures of Indian companies, as specified in Schedule 5. Additionally, Foreign Central Banks are permitted to buy and sell dated Government securities and treasury bills in the secondary market under conditions set by the Reserve Bank.
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