RBI has issued new circular regarding foreign accounts trasacting in India.

Dear SpeakAsian,

RBI has redesigned its policy for the foreign account holder to transact in Rupees on today. It is a very good sign towards our operations.

Check it - http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=6970&Mode=0

Memorandum of Instructions for Opening and Maintenance of Rupee / Foreign Currency Vostro Accounts of Non-resident Exchange Houses.

I think its good news for all speakasian’s.