Revised in foreign exchange regulations
Revised in Foreign Exchange Regulations Foreign Exchange Management The government has recently modified the Foreign Exchange Management (Current Account Transactions) Rules, 2000 and the Liberalized Remittance Scheme (LRS) for resident individuals for further liberalizing the existing guidelines. Accordingly, all resident individuals, including minors, are allowed to freely remit up to USD 2,50,000 (USD 1,25,000 earlier) …