With the transition to a market-based system for determining the external value of the Indian rupee the foreign exchange market in India gained importance in the early reform period.

Master Directions

Mar 26, 2019
Master Direction - External Commercial Borrowings, Trade Credits and Structured Obligations (Updated as on August 08, 2019)PDF document 405 kb
Jan 04, 2018
Master Direction – Foreign Investment in India (Updated up to March 08, 2019)PDF document 289 kb
Feb 23, 2017
Master Direction – Money Transfer Service Scheme (MTSS)PDF document 73 kb
Nov 17, 2016
Master Direction - Insurance (Updated as on November 17, 2016)PDF document 187 kb
Jan 04, 2016
Master Direction - Establishment of Branch Office (BO)/ Liaison Office (LO)/ Project Office (PO) or any other place of business in India by foreign entities (Updated as on March 29, 2019)PDF document 277 kb
Master Direction – Direct Investment by Residents in Joint Venture (JV) / Wholly Owned Subsidiary (WOS) Abroad (Updated as on September 18, 2019)PDF document 462 kb
Master Direction – Opening and Maintenance of Rupee/Foreign Currency Vostro Accounts of Non-resident Exchange Houses (Updated as on August 31, 2018)PDF document 97 kb
Master Direction - Miscellaneous (Updated as on November 12, 2018)PDF document 190 kb
Master Direction – Reporting under Foreign Exchange Management Act, 1999 (Updated as on September 18, 2019)PDF document 1461 kb
Master Direction – Import of Goods and Services (Updated as on April 01, 2019)PDF document 346 kb
Master Direction - Deposits and Accounts (Updated as on September 03, 2019)PDF document 306 kb
Master Direction - Remittance of Assets (Updated as on April 28, 2016)PDF document 287 kb
Master Direction – Acquisition and Transfer of Immovable Property under Foreign Exchange Management Act, 1999 (Updated as on April 11, 2018)PDF document 181 kb
Master Direction - Other Remittance Facilities (Updated as on November 6, 2018)PDF document 285 kb
Master Direction - Liberalised Remittance Scheme (LRS) (Updated as on June 20, 2018)PDF document 209 kb
Master Direction – Borrowing and Lending transactions in Indian Rupee between Persons Resident in India and Non-Resident Indians/ Persons of Indian OriginPDF document 140 kb
Master Direction- Compounding of Contraventions under FEMA, 1999 (Updated as on April 04, 2019)PDF document 230 kb
Master Direction – Export of Goods and Services (Updated as on January 12, 2018)PDF document 257 kb
Master Direction - Money Changing Activities (Updated as on March 29, 2019)PDF document 252 kb