Foreign Currency Loans in India to holders of FCNR(B) Deposits – Clarification

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..... hange Madam/Sirs, Foreign Currency Loans in India to holders of FCNR(B) Deposits - Clarification Attention of authorised dealers is invited to AP (DIR Series) Circular No.24 dated September 25,2002 in terms of which they are permitted to grant foreign currency loans in India against the security of funds held in FCNR(B) deposit accounts to the account holders only, subject to the guide .....

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