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Archive for August, 2024

20 Aug
2024

“What’s SWAP!” – Ministry of Finance in India amends the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019

The Ministry of Finance vide its notification dated August 16, 2024 amended the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (“NDI Rules”), by notifying the Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2024 (“Amending Rules”). The NDI Rules govern the foreign investment and other foreign exchange dealings in non-debt