RBI tweaks currency limits

RBI tweaks currency limits

The Reserve Bank of India (RBI) on Thursday permitted residents and non-residents, except Pakistanis and Bangladeshis, to carry up to Rs 25,000 in Indian currency notes while leaving the country.

Earlier, Indians travelling abroad were permitted to carry only up to Rs 10,000, and foreigners were not allowed to carry Indian currency while leaving the country.

“...it has been decided to allow all residents and non-residents (except citizens of Pakistan and Bangladesh and also other travellers coming from and going to Pakistan and Bangladesh) to take out Indian currency notes up to Rs 25,000 while leaving the country,” the RBI said in a notification.

This, the RBI said has been done in view of the evolving economic conditions and to facilitate travel requirements of Indians travelling aboard as well as foreigners visiting India.

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