Reserve Bank authority to restrict currency movement can limit and condition bringing currency into or out of India. The regulation vests the Reserve Bank with authority to restrict, in the public interest and after consultation with the Central Government, the amount of ... Summary
Reserve Bank authority to restrict currency movement can limit and condition bringing currency into or out of India.
The regulation vests the Reserve Bank with authority to restrict, in the public interest and after consultation with the Central Government, the amount of Indian currency notes and/or foreign currency that a person may bring into or take out of India and to prescribe such conditions as it may deem necessary governing carriage, import or export of currency.
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