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Is it legal to give money(USD) to a friend in USA and take equivalent amount in India?

My friend is planning to buy a house and he wants some money in USA. He has the equivalent amount in India.

Can iI pay him here and take equivalent amount in India.? We both are on H1-bB visas.

Was curious isIs it legal?

Is it legal to give money(USD) to a friend in USA and take equivalent amount in India?

My friend is planning to buy house and he wants some money in USA. He has equivalent amount in India.

Can i pay him here and take equivalent amount in India. We both are on H1-b.

Was curious is it legal?

Is it legal to give money(USD) to a friend in USA and take equivalent amount in India?

My friend is planning to buy a house and he wants some money in USA. He has the equivalent amount in India.

Can I pay him here and take equivalent amount in India? We both are on H1-B visas.

Is it legal?

1
source | link

Legal way to give money to friend in USA and take equivalent amount in India

Is it legal to give money(USD) to a friend in USA and take equivalent amount in India?

My friend is planning to buy house and he wants some money in USA. He has equivalent amount in India.

Can i pay him here and take equivalent amount in India. We both are on H1-b.

Was curious is it legal?