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

The statement "Exchange control regulations are not administered by Reserve Bank of India" is incorrect. In reality, the Reserve Bank of India (RBI) plays a central role in the administration and enforcement of exchange control regulations in India. The RBI is the primary regulatory authority for foreign exchange transactions and oversees compliance with the Foreign Exchange _____ _______ ____ _________ ____ __________ __________ _________.
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