Foreign tourists can use credit cards to get rupees

Tourists or visitors from abroad can now use their debit or credit cards to obtain Indian rupees.

The Reserve Bank of India has decided to let authorised money changers (AMCs) to sell Indian rupees to foreign tourists / visitors against international credit/debit cards. This follows an RBI review of the memorandum of instructions governing money changing activities.

AMCs, however, must take prompt steps to obtain reimbursement through normal banking channels, the apex bank said in a notification on Friday.