Kakinada : Observing that there was a tremendous increase in the use of foreign exchange in the last two decades, Regional Director of the Reserve Bank of India (RBI) A.S. Rao on Friday underscored the need for having basic knowledge on banking services with regard to the foreign exchange among all sections of the society. The RBI conducted an ‘exhibition-cum-interface on foreign exchange’ at Jawaharlal Nehru Technological University Kakinada (JNTUK) here. Inaugurating the programme, Mr. Rao recalled that India faced severe shortage of foreign exchange in 1991, which was followed by the introduction of economic reforms...........
Read - The Hindu
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