RBI Foreign Exchange Remittance Department

What is work of RBI Foreign Exchange Remittance Department? Is it top regulatory or assisting body for exchange and remittance services of Indian financial organizations?

[Shaleen]

The Foreign Exchange Regulation Act, 1973 (FERA) was repealed and a new Act called the Foreign Exchange Management Act, 1999 (FEMA) came into power with effect from June 1, 2000, with a outlook to facilitating outside deal and expenses and promoting arranged development and maintenance of foreign exchange market in India.

Address
The Chief General Manager-in-Charge,
Reserve Bank of India,
Foreign Exchange Department,
Central Office, 11th floor,
Shahid Bhagat Singh Marg,
Mumbai 400 001
Phone: 022-2261 0628