Friday, March 1, 2019

Person resident outside India can undertake repo transactions in rupee to borrow and lend money

The Govt. has notified the Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2019 wherein new para has been inserted to allow the person resident outside India for undertaking the repo transactions in rupee for lending and borrowing money subject to such terms and conditions as may be specified by the RBI.

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