Define the terms 'Foreign Exchange' and 'Foreign Security' under Foreign Exchange Management Act, 1999.

The term 'foreign exchange' has been defined under Section 2(n) of Foreign Exchange Management Act, 1999 to mean foreign currency and includes deposits, credits, balance payable in foreign currency, drafts, travellers' cheques, letters of credit, bills of exchange expressed or drawn in Indian currency but payable in any foreign currency. Any draft, travellers' cheque, letters of credit or bills of exchange drawn by banks, institutions or persons outside India but payable in Indian currency has also been included in the definition of foreign exchange. The term "Foreign Security" has been defined under Section 2(o) of Foreign Exchange Management Act, 1999 to mean any security, in the form of shares, stocks, bonds, debentures or any other instrument denominated or expressed in foreign currency and includes securities expressed in foreign currency but where redemption or any form of return such as interest or dividend is payable in Indian currency.