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Union of India - Section

Section 6 in The Foreign Exchange Management (Deposit) Regulations, 2000

6. Other deposits made or held by authorised dealer. - A deposit made by an authorised dealer with his branch, head office or correspondent outside India, and a deposit made by a branch or correspondent outside India of an authorised dealer, and held in his books in India, shall be governed by the directions issued by the Reserve Bank in this regard from time to time.