RBI created Dedicated Helpline for guiding Start-ups in India on Forex Matters

The Reserve Bank has created a dedicated helpline to assist start-ups undertakingcross-border transactions.

• It should provide complete information to the RBI and mention the specific issues on which they need guidance from the RBI in relation to the Foreign Exchange Management regulations.
• This would enable the personnel attending the helpline to offer timely and effective information.
• Cross-border transactions of resident are subject to the regulatory regime provided by the Foreign Exchange Management Act, 1999.