Conversion of rupee to foreign currency
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 November 2011
CAN AN NRI TRANSFER MONEY TO A FOREIGN COUNTRY CONVERTING INDIAN RUPEES.
WHAT SOURCES CAN BE TRASFERRED..CAN THE MONEY LYING IN THE NRO BANK ACCOUNT REPATRIATED?
WHETHER MONEY IN NRO ACCOUNT A VALID SOURCE FOR TRANSFER
WHAT SOURCES CAN BE TRASFERRED..CAN THE MONEY LYING IN THE NRO BANK ACCOUNT REPATRIATED?
WHETHER MONEY IN NRO ACCOUNT A VALID SOURCE FOR TRANSFER
12 November 2011
No you cant convert since probition to keep foreign currency with you by Fema law...but for legal purposeful you can buy it from authorised distributor like banks
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