Under FEMA 1999, foreign exchange includes foreign currency, deposits, credits and balances payable in foreign currency, drafts, travellers' cheques, and letters of credit denominated in foreign currency.
Last updated: 17 May 2026
Under FEMA 1999, foreign exchange includes foreign currency, deposits, credits and balances payable in foreign currency, drafts, travellers' cheques, and letters of credit denominated in foreign currency.
Foreign Exchange is significant under FEMA because it refers to: Under FEMA 1999, foreign exchange includes foreign currency, deposits, credits and balances payable in foreign currency, drafts, travellers' cheques, and letters of credit denominated in foreign currency.
Foreign Exchange under FEMA applies to companies, professionals, and individuals involved in FEMA-related compliance and regulatory matters in India. Specifically: Under FEMA 1999, foreign exchange includes foreign currency, deposits, credits and balances payable in foreign currency, drafts, travellers' cheques, ...