New Delhi, Oct. 13 -- Reserve Bank of India (RBI) has made key amendments to the Foreign Exchange Management regulations to simplify and support external trade and payments.

An RBI release said that Authorised Dealer (AD) banks in India and their overseas branches can now lend in Indian Rupees to individuals and institutions in Bhutan, Nepal, and Sri Lanka, including banks in these jurisdictions, to facilitate cross-border trade transactions.

In January 2025, the Reserve Bank permitted Indian exporters to open foreign currency accounts with a bank outside India for the realisation of export proceeds. Unutilised balances in these accounts are required to be repatriated by the end of the month next to the date of realisation. It has now b...