Business customer buying Forex:

Understanding RBI's forex reserves

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April 14, Dear All Welcome to the refurbished site of the Reserve Bank of India. The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge. RBI Rules & Regulations – Foreign Exchange Services Purpose of Remittance Eligibility Quantum of Exchange Documentation for release of exchange under.

Weekly Statistical Supplement

rbi guidelines Individual customer (Indian resident / Foreigner permanently residing in India) buying Forex for Private trip: Foreign exchange up to US$ , is permissible in a financial year for multiple purposes including tourism or private travel to any country other than Nepal and Bhutan on the basis of self-certification under LRS.

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Assets held in foreign currency

The central bank influences the exchange value of the domestic currency by buying and selling foreign currency. Piratetrader Active Member Aug 13,

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Forex reserves include currency, bank notes, deposits, bonds, t-bills and other government securities held in another currency. Also those who are concerned with RBI please do ask this to them too..

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