Foreign Exchange Transactions in India
Foreign Exchange Transactions in India
These include forex remittances and transactions related to trade, services, and personal financial needs:
- Import & export payments in forex
- Forex for international travel, education, and medical expenses
- Interest payments and dividend repatriation
- NRI forex remittances
Transactions through Authorised Dealer (AD) Category II
Authorised Dealer (AD) Category II entities, such as forex money changers in India and select financial institutions, are permitted to conduct specific forex transactions, including:
- Personal forex remittances (foreign travel expenses, study abroad fees, and medical treatment)
- Business forex payments (conference fees, small trade-related transactions)
- Non-trade forex remittances (maintenance of relatives abroad, forex gifts)
- Buying and selling foreign exchange in India for individuals and businesses, as per RBI’s forex guidelines
Read More:
1. Introduction to Forex
2. Regulatory Framework
3. Exchange Rate System in India
4. Factors Influencing Exchange Rates in India
5. Foreign Exchange Transactions in India
6. Transactions through Authorised Dealer (AD) Category II
7. Documents Required for Forex Transactions
8. Role of FEMA in Forex Management
9. Liberalized Remittance Scheme (LRS) in India
10. TCS on Foreign Remittances
11. Challenges in Forex Transactions in India
12. Resolutions for a Smooth Forex Experience
