RBI Expands Currency Exchange Access at International Airports

The Reserve Bank of India (RBI) has introduced a significant update in its currency exchange policy, allowing residents and non-residents to exchange Indian rupee notes at foreign exchange counters in international airport departure halls.

This change, announced on Thursday, means that exchange facilities are now available beyond the immigration or customs desks in the duty-free or security hold area.

Previously, these counters were restricted to transactions involving non-residents who could only purchase rupees or sell foreign currency. The RBI's circular outlines that amendments will be made to the Master Direction on Money Changing Activities to reflect this update.