RBI allows NRI to open rupee accounts abroad with authorized banks
Why in the News? The Reserve Bank of India (RBI), along with the Central government, has reviewed the rules under the Foreign Exchange Management Act 1999 (FEMA) to make it easier to carry out cross-border transactions in Indian rupees (INR) according to a statement by the RBI. What are the recent changes made in FEMA… Continue reading RBI allows NRI to open rupee accounts abroad with authorized banks