The regulator said that the proposed amendments in the SEBI (FPI) Regulations, 2014, were discussed and broadly agreed upon and it would soon issue a revised circular on the issue.
IMF spokesperson Gerry Rice, however, said the currencies of many of India’s trading partners, including those in the emerging markets, too have depreciated against the dollar.
The commission also directed the respondent to provide information on the total amount of demonetised currency notes exchanged with new notes.
The rupee touched a new lifetime low of 72.91 to the dollar in the opening trade on Wednesday but recovered 69 paise by the afternoon on suspected intervention by the RBI.
Raghuram Rajan said a larger number of bad loans were originated in the period 2006-2008 when economic growth was strong, and previous infrastructure projects such as power plants had been completed on time and within budget.
The public can exchange mutilated or defective notes at RBI offices and designated bank branches across the country for either full or half value, depending upon the condition of the currency.
Weighed down by trade concerns and rising crude prices, the Indian currency breached the 72 mark to trade at 72.04 to the dollar in morning trade.
RBI had issued a show cause notice to the bank on January 15, 2018, asking why a penalty not be imposed on Union Bank of India under the Act.
RBI Grade B results 2018: The results are available at the official websites, rbi.org.in. The phase II examination is scheduled to be held on September 15 and 16.
Exports in 2017-18 came in at $303.5 billion, an increase of 10 per cent over the previous year. Between April and July, exports have totalled $108.2 billion, up 14.2 per cent from a year before.
RBI said that the bulk of loan defaults, which rose from March 2017, is accounted by public sector banks which had a share of 65.32 per cent in outstanding loans to small units, down from 66.61 per cent in the previous year.
State-wise data reveal that debt-GSDP ratio increased for 16 states: RBI Dy Guv
The rupee has been one of the worst performers among the large emerging market peers, losing over 10 per cent from the start of the year. The fall in the currency value has made imports and overseas travel costlier.
Whether demonetisation failed or succeeded is not a moral question. Is it too much to expect that in this data-dependent world, we should discuss hard evidence rather than soft opinions?
Just Rs 10,720 crore of Rs 500 and Rs 1,000 notes failed to come back to the RBI, as against expectations that over Rs 3 lakh crore of black money would not return to the banking system.