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RBI opens rupee lending to neighbours
October 14, 2025
|Mint Chennai
Banks in India and their overseas branches have been permitted to lend in Indian rupees to persons resident in Bhutan, Nepal, and Sri Lanka to facilitate cross-border trade transactions, the Reserve Bank of India (RBI) said on Monday.
The RBI said amendments have been made to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 and Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2015, as part of continuous efforts
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