Business Standard

RBI working on simplifying forex regulations - statement

Image

Reuters NEW DELHI

NEW DELHI (Reuters) - The Reserve Bank of India (RBI) is working on simplifying and liberalising foreign exchange regulations to facilitate ease of doing business in Asia's third-largest economy, Deputy Governor H.R. Khan told exporters on Thursday.

RBI is working in consultation with the central government and the steps taken so far by both were aimed at reducing the "external sector vulnerabilities," a central bank statement said.

(Reporting by Manoj Kumar; Editing by Malini Menon)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 21 2015 | 5:50 PM IST

Explore News