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RBI seeks to simplify forex rules | Reuters

May 21, 2015    

NEW DELHI The Reserve Bank of India (RBI) is working to liberalise its foreign exchange rules to make it easier to do business with Asia's third-largest economy, Deputy Governor H.R. Khan said on Thursday, a step that could support flagging exports.In line with Khan's announcement, the central bank took a small step by simplifying the process for Indian companies to raise rupee funds offshore.Exporters asked the RBI to ease rules for tracking cross-border trade amounting to over $15 billion annually via third countries to boost exports, said industry officials who attended a town-hall meeting ...

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