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CHAPTER II REGULATION AND MANAGEMENT OF FOREIGN EXCHANGE

Section 5: Current account transactions

The Foreign Exchange Management Act, 1999

Any person may sell or draw foreign exchange to or from an authorised person if such sale or drawal is a current account transaction:

Provided that the Central Government may, in public interest and in consultation with the Reserve Bank, impose such reasonable restrictions for current account transactions as may be prescribed.

Questions on this section

1 question in 1 of our papers cite Section 5.