Government Initiates Consultations With RBI Under Rare Provision 
The Reserve Bank of India (RBI) logo is displayed outside of the bank’s headquarters in Mumbai. (Photographer: Kainaz Amaria/Bloomberg)

Government Initiates Consultations With RBI Under Rare Provision 

The government has issued “several” letters to the Reserve Bank of India seeking consultations under Section 7 of the RBI Act, said a person familiar with the matter.
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