Quotava Forex

Whether you plan to go abroad for studies, holiday, business travel or any other purpose like making investment in shares and property, you need foreign exchange in the local currency. Your budget can go haywire if you are unaware of the relevant limits under foreign exchange regulations. The Reserve Bank of India (RBI), the nodal body for managing foreign exchange, has prescribed limits up to which a resident individual can remit or spend foreign exchange freely i.e. without any approval requirement.