Transactions in India rupees with residents of Nepal and Bhuta

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..... in India rupees with residents of Nepal and Bhutan Notification No. FEMA/ 17 /RB-2000 dated 3rd May 2000 RESERVE BANK OF INDIA (EXCHANGE CONTROL DEPARTMENT) CENTRAL OFFICE .....

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..... not apply to any transaction entered into in Indian rupees by or with i) a person who is a citizen of India, Nepal or Bhutan resident in Nepal or Bhutan; ii) a branch situated in Nepal or Bhutan .....

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