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        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

        Provisions expressly mentioned in the judgment/order text.

        <h1>Market-determined exchange rate: RBI intervenes only to maintain orderly markets, not to target any level.</h1> India recorded its highest-ever annual foreign inward remittances in 2021-22 (US$89,127 million) with country-share data for 2020-21 from the RBI remittance survey listing major source countries. The Indian rupee is described as market-determined, and the Reserve Bank of India intervenes only to contain excessive volatility and maintain orderly market conditions, not to achieve any pre-determined exchange rate level or band.

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