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RBI Eases Rules for NRIs to Open Overseas Rupee Accounts
Hindustan Times Bengaluru
|January 17, 2025
Non-Residents Can Now Settle Transactions With Other NRIs Abroad Using the Balances in Their Rupee Accounts
MUMBAI: Non-residents will now be able to open rupee accounts in the overseas branches of India-registered authorised dealer banks and conduct cross-border transactions in rupees as the central bank eased rules in a move aimed at internationalisation of the local currency.
The Reserve Bank of India (RBI), in consultation with the Union government, has undertaken a further review of the existing regulations issued under the Foreign Exchange Management Act 1999 (Fema) "to promote cross-border transactions in INR and local and national currencies", said a statement by the central bank on Thursday.
यह कहानी Hindustan Times Bengaluru के January 17, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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