RBI has issued new circular regarding foreign accounts trasacting in India.
RBI has redesigned its policy for the foreign account holder to transact in Rupees on today. It is a very good sign towards our operations.
Check it - http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=6970&Mode=0
Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses.
I think its good news for all speakasian’s.
-Shared by Sharma Madan Lal
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