New FEMA Rule Indian Exporters Can Hold FCY Accounts in IFSCs
The Reserve Bank of India (RBI) has good news for Indian exporters. Indian exporters are now able to open foreign currency (FCY) accounts in International Financial Services Centers (IFSCs) like GIFT City. Hence, exporters have more flexibility and can manage their foreign currencies in a simpler way. What was the old FEMA Rule? Previously, exporters … Read more