RBI increased cash limit for foreign travelers

Now great news for Foreign travelers in India. Indians can now carry $3,000 in cash when they travel abroad. This limit was $2000 previously.

Authorized dealers/full-fledged money changers (like MoneyGram etc) can now sell up to $3,000 to travelers proceeding to countries other than Iraq, Libya, Islamic Republic of Iran, Russian Federation and other Republics of Commonwealth of Independent States, without prior permission from RBI.

The $3,000 ceiling applies only to the amount of cash that an individual can carry. Most credit card holders can spend up to their card limits during overseas travel. This spending is over and above the limit on carrying cash

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