RBI notifies Foreign Exchange Management (Borrowing and Lending) Regulations, 2018, superseding Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000

The Foreign Exchange Department of the Reserve Bank of India, has notified the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 (“New Regulation”) on 17th December, 2018 to regulate borrowing and lending between a person resident in India and a person resident outside India.  The New Regulation has repealed the Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000 and come into force.

SourceReserve Bank of India

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