Insights
February 18, 2015

RECENT CHANGES TO INDIA’S FOREIGN EXCHANGE REGULATIONS

This update discusses certain key changes to India’s foreign exchange regulations implemented in the past few weeks Liberalization of the limit under the Liberalized Remittance Scheme (“LRS”) In the bi-monthly monetary policy statement released on February 3, 2015, the Reserve Bank of India (the “RBI”) has increased the limit on remittance of foreign exchange for…

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