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RBI Allows Financial Institutions to Conduct Business in Indian National Rupee in IFSC - (20 Jan 2020)

BANKING

Reserve Bank of India has allowed the Financial Institutions to conduct businesses in Indian National Rupees in International Financial Services Centres. The Bank has issued a notification on January 7, 2020, adding a new proviso to Foreign Exchange Management (International Financial Services Centre) Regulations, 2015 to incorporate this change.

Tags : RESERVE BANK OF INDIA FINANCIAL INSTITUTIONS BUSINESS IN INDIAN NATIONAL RUPEE

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