Movement of foreign currency i.e. free exchangeable has to be reported to Foreign Exchange Management of Reserve Bank of India though inward or outward, either investment equity or debt external commercial borrowing. Sign up now for one or more of the services and be rid of all your compliance concerns.
The movement of free exchangeable currency is requirement of every nation’s either its on debt mode or equity mode. In fact, any sort of currency except illegal and illegitimate source fund is most welcome by every nation. This helps government to procure foreign material and product for public at large by foreign trade.