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In a bid to provide greater flexibility to resident individuals travelling abroad and to attract more foreign exchange inflows in India, the Reserve Bank of India (RBI) on Friday enhanced the limit of Indian rupees any person residing in India can take outside the country or a person who has gone out of India on a temporary visit can bring into India.
The amount has been enhanced to Rs 10,000 a person compared with Rs 7,500 earlier.
“Any person resident in India might take outside India (other than to Nepal and Bhutan) currency notes of government and RBI notes up to an amount not exceeding Rs 10,000 a person and who had gone out of India on a temporary visit, might bring into India at the time of his return from any place outside India (other than from Nepal and Bhutan), currency notes of government and RBI notes up to an amount not exceeding Rs 10,000 a person,” said RBI in a notification on Friday.
