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The Hindu Businessline

Personal Finance / The Hindu Businessline

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RBI overhauls authorisation, renewal framework for authorised dealers

A FxC can purchase foreign currency notes/coins and travellers cheques; sell foreign currency notes/coins and travellers cheques for foreign travel purposes; and function as Money Transfer Service Scheme sub-agent in accordance with the guidelines on Money Transfer Service Scheme (MTSS).

6 May 2026 9:35 pm