Foreign Exchange Regulations in India
16/10/2021 Financial & Legal Services
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Description
The Indian foreign exchange regulations are regulated by the Foreign Exchange Management Act, 1999 (FEMA). The highest foreign exchange regulatory authority in India is the Reserve Bank of India (RBI) which makes the law and is responsible for all major approvals. Foreign Exchange Regulations introduced compliances in Foreign Exchange to check the increased flow of both the inbound and outbound funds.
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