What's the reasoning here? AML somehow? Or just that large amounts transferred in should be subject to import tax (that just doesn't seem like it would be RBI concern)?
Because, on a basic high-level look, why would a country not want inflows of foreign cash, typically you do want to sell goods/services for foreign money, good for GDP.
Because, on a basic high-level look, why would a country not want inflows of foreign cash, typically you do want to sell goods/services for foreign money, good for GDP.