MUMBAI, India, Oct. 13 -- Reserve Bank of India issued the following press release:
As announced in the Statement on Developmental and Regulatory Policies on October 01, 2025, and as part of continuous efforts towards 'facilitating external trade and payments' the Reserve Bank has made the following amendments to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 and Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2015.
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AD banks in India and their overseas branches have been permitted to lend in Indian Rupees to persons resident in Bhutan, Nepal, and Sri Lanka, including banks in these jurisdictions, to facilitate cross border trade transactions [Foreign Exchang...