‘RBI’s foreign exchange restriction not capital controls’: Governor Sanjay Malhotra
Reserve Bank of India (RBI) Governor Sanjay Malhotra has said the central bank’s recent foreign exchange curbs are aimed at restricting speculative trades and should not be viewed as capital controls. The clarification comes days after the RBI further tightened foreign exchange norms to streamline trading. Malhotra reiterated that capital account transactions have been excluded…
