Kathmandu, Dec. 5 -- India has lifted the ban on carrying Indian currency with denomination above INR 100 to Nepal.

Publishing a notice in the Gazette of India, the Reserve Bank of India (RBI) introduced the new provision effective for Nepal as well as Bhutan. As per the revised rule, the Indian government will now allow exchange of paper notes of denominations 200 and 500 for the cross-border visits.

"Individuals from Nepal or Bhutan may bring into India or take away from India currency notes of the Government of India and the Reserve Bank of India above INR 100 in either case," reads the notice published in the Gazette of India. However, the Indian authorities have continued with the maximum limit of INR 25,000 for carrying across th...