Originally Posted by
emma69
Well, the banks here are refusing to change rupees into dollars (or any other currency) so I am guessing they will have to get them changed in India (by relatives, or by making a trip themselves). Reports are saying the latest deadline will be March by exchanging them at the reserve bank (regular banks until the end of the year).
I read that also...but wonder if they are going to charge NRI's a penalty for having this money? Or they just going to let them do an even exchange?
I exchanged a bunch of dollars for my next family trip to India and now I need to get it exchanged again, hopefully without losing anything.