Evaluate foreign exchange regulation act 1973
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The Foreign Exchange Regulation Act (FERA) was legislation passed in India in 1973, that imposed strict regulations on certain kinds of payments, the dealings in foreign exchange (forex)and securitiesand the transactions which had an indirect impact on the foreign exchange and the import and export of currency.The bill was formulated with the aim of regulating payments and foreign exchange
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The Foreign Exchange Regulation Act (FERA) was legislation passed in India in 1973, that imposed strict regulations on certain kinds of payments, the dealings in foreign exchange (forex)and securitiesand the transactions which had an indirect impact on the foreign exchange and the import and export of currency.The bill was formulated with the aim of regulating payments and foreign exchange
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