The Reserve Bank of India (RBI) has decided to allow residents to exchange Indian Rupee notes at foreign exchange counters at the departure halls in the international airports. In a notification issued in Mumbai, the RBI said the facility is being expanded to residents along with non-residents after a review of the existing framework governing money-changing activities at airports.
Accordingly, travellers will be able to exchange Indian Rupee notes from the forex counters established in the Duty-Free Area or Security Hold Area beyond the Immigration or Customs desk. The RBI has added that the Master Direction on Money Changing Activities is being amended accordingly.
