Forex agencies in india

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It has been suggested that Foreign Exchange Regulation Act be merged into this article. An Act to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India. Act of the Parliament of India “to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India”. Hence the tenor and tone of the Act was very drastic.

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