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17 Sep 2013 RBI has clarified that the following remittances can be made by a resident individual over and above the annual limit of US$75,000 permissible under the modified LRS: RBI had clarified that the revised LRS limit of US$75,000 shall be effective from the date of publication of notification in the Official Gazette. Dec 26, 2016 Liaison / Branch / Project Offices of foreign entities in India · Sep 15, 2016 Jul 05, 2016 Exchange Earner's Foreign Currency (EEFC) Account. Resident Indian Nationals. • Foreign. Nationals permanently resident in. India are also eligible to avail of this quota provided the applicant is not availing of The Reserve Bank of India (RBI) is India's central banking institution, which controls the . The Reserve Bank of India was conceptualized based on the guidelines presented by the Central Legislative Assembly which passed these guidelines as . The Foreign Exchange Management Act, 1999 came into force in June 2000. In terms of Section 5 of the FEMA, persons resident in India are free to buy or sell Foreign Exchange Management (Current Account Transactions) Rules, 2000 White Label ATMs (WLAs) in India – Review of Guidelines · PDF document Hedging of exchange rate risk by Foreign Portfolio Investors (FPIs) under Voluntary 31 May 2018 There are various pieces of legislation which govern outward and inward remittances to India - most of which fall under the Foreign Exchange Management Act (FEMA). The RBI is India’s central bank, responsible for issuing currency, managing foreign exchange, and regulating 26 Mar 2018 i) These Regulations may be called the Foreign Exchange (d) 'Overseas Citizen of India (OCI)' means a person resident outside India who isIndia has large foreign-exchange reserves; holdings of cash, bank deposits, bonds, and other financial assets denominated in currencies other than India's 12 Apr 2018 MUMBAI: The Reserve Bank today tightened reporting norms for the Liberalised Remittance Scheme (LRS) under which an individual can