Foreign Exchange Management Act, 1999 - Providing housing loan in rupees to NRIs/PIOs

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..... Foreign Exchange Madam/Sirs, Foreign Exchange Management Act, 1999 - Providing housing loan in rupees to NRIs/PIOs Attention of authorised dealers is invited to Regulation 8 of Notification No.FEMA 4/2000-RB dated May 3, 2000, in terms of which an authorised dealer or a housing finance institution in India approved by the National Housing Bank may provide housing loan to a non-resident Ind .....

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