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If you are on an Indian passport you can take INR50,000 into India.
If you are on any other passport you may NOT take in any Indian rupees into the country. All foreign currency you take in must be foreign. This rule however is rarely enforced however a risk adverse traveler would be best to take in USD and then exchange it once across the boarder.
Wiki User
∙ 15y ago
Wiki User
∙ 7y ago1) reining volatile conditions in global market and economies do not rovide suitable conditions.
2) india being import oriented economy with imports dominating exports by large margin.
3) fall of oil prices along with reduced prices of indian imports has led to increase in foreign reserves.
4) India not completely in sustainable growth path with slowdown of manufatcuring and services
5) uncertainty in Infra projects and banks with High NPAs restrict space for risking forex reserves in them.
6) RBI could not use forex to shield the mismanagement of govt finances by political authorities.
India rather than investing and risking precious forex reserves should shore up its reserves to sustainable levels by aiming to doubling the current amount within specific period.
once india diversifies its exports along with that attains sutainable levels of forex reserves with improved levels of exports and reduction in imports or atleast zero imports,it would be prudent to use forex for developmental purposes as the present levels are not sustainable considering volatile situation of west Asia and diminishing exports to western nations..
Wiki User
∙ 11y agoindian currency
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