RBI has vide its notification dated 19th October 2011 allowed opening of Foreign currency (non resident) bank account in any permitted freely convertible currency. Hitherto it was allowed only in pound sterling, US dollar, japanese yen, australian dollar and canadian dollar. That is one measure of liberalisation, albeit very late in its coming. Copy of the circular can be found here.
Showing posts with label FCNR accounts. Show all posts
Showing posts with label FCNR accounts. Show all posts
Monday, October 24, 2011
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