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Commentary

IN3.3.1 Currency as part of personal baggage

India

IN3.3.1ÌýÌýÌýÌý Currency as part of personal baggage

Currency inflow and outflow are managed by the Reserve Bank of India and subject to FEMA directions. (For more on FEMA see IN2.1.2).

The local currency in India is the Indian Rupee, generally expressed as INR or Rs.

A foreign national coming into India can carry foreign exchange in the form of currency

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