Exchange control regulations are not administered by Reserve Bank of I

Question

Exchange control regulations are not administered by Reserve Bank of India.

06 Mar 2024

Answer :

Word Count : 482

Exchange control regulations in India are indeed administered by the Reserve Bank of India (RBI), which plays a crucial role in overseeing and implementing various policies related to foreign exchange transactions. The exchange control regulations are aimed at managing the flow of foreign exchange in and out of the country to maintain stability in the external value of the Indian currency, the Rupee, and to support the overall economic objectives of the government.

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