Nepal caps expenditure of its citizens in India
Nepal on Tuesday imposed a monthly limit on the amount of Indian currency its citizen can spend in India.
a Nepali citizen would be unable to spend more than ₹1 lakh per month while paying for goods and services in India
the decision was taken to address the country’s current account deficit.
The policy applicable to prepaid, credit and debit cards of Nepali banks came into effect on Tuesday.
the latest measure would however exempt payment in hospitals and pharmacies in India
Nepal on Tuesday imposed a monthly limit on the amount of Indian currency its citizen can spend in India.
a Nepali citizen would be unable to spend more than ₹1 lakh per month while paying for goods and services in India
the decision was taken to address the country’s current account deficit.
The policy applicable to prepaid, credit and debit cards of Nepali banks came into effect on Tuesday.
the latest measure would however exempt payment in hospitals and pharmacies in India
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