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RBI holds interface session on FEMA

CHENNAI: The Reserve Bank of India (RBI), in association with Foreign Exchange Dealers' Association of India (FEDAI), organised an event ‘Foreign exchange for you' in Chennai on June 18 and 19. It was an exhibition-cum-interface session on Foreign Exchange Management Act (FEMA), 1999. The objective was to familiarise the public with the rules and regulations under FEMA governing the current and capital account transactions, remittance and exchange facilities and to seek feedback on policies and procedures related to forex transactions, says a release from the RBI.

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