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Forex Archives - All About Finance

Forex Facilities including the Liberalised Remittance Scheme for Residents – FAQ

Introduction : The legal framework for administration of foreign exchange transactions in India is provided by the Foreign Exchange Management Act, 1999. Under the Foreign Exchange Management Act, 1999 (FEMA), which came into force with effect from June 1, 2000, all transactions involving foreign exchange have been classified either as capital or current account transactions. … Read more