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Transfering funds from India to the US
Can I transfer funds from India to USA which I have borrowed in India. Funds borrowed in India may not be transferred outside of India as per Foreign Exchange Management Act. Loans in rupees to non-residents against security of shares or   immovable property in India:-   Subject to the directions issued by   the Reserve Bank from time to time in this regard, an authorised   dealer in India may grant loan to a non-resident Indian, e) the loan amount shall not be remitted outside India;