PIL filed against RBI alleging forex losses
It is not everyday, the country's central bank, is asked to appear in court on Thursday, which is perhaps a first ever for the Reserve Bank of India, as it is questioned on its losses.RBI is being taken to court for failing to act as the custodian of the lay investor or so alleges a PIL filed in the Bombay High Court by a Pune based businessman who has challenged the investments made by RBI in US Treasury markets.
