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    <description>An amendment inserts Para 7-A into the Borrowing and Lending Regulations permitting persons resident outside India to undertake repo and reverse repo transactions in Rupees to borrow or lend money, subject to terms and conditions specified by the Reserve Bank, and adopts the meanings of repo and reverse repo as in Section 45U(c) and 45U(d) of the RBI Act; the amendment takes effect on publication in the Official Gazette.</description>
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