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<h1>RBI Empowered to Control Currency Movement, Sets Flexible Limits on Individual Cash Transfers Across Borders</h1> The Reserve Bank of India possesses broad discretionary power to restrict the export or import of Indian and foreign currency. In public interest and after consulting the Central Government, the bank can limit the amount of currency notes that individuals may bring into or take outside India on a case-by-case basis, with the authority to prescribe additional conditions as deemed necessary.