The RBI cracked down on offshore foreign exchange trading by Indians through online trading websites.
The Indian rupee slumped to a record low near 69 to the dollar on Wednesday on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets.
RBI banned banks from proprietary trading and Sebi doubled the margin requirement on the domestic dollar-rupee forward trade.
SEBI has raised the investment limits for foreign investors.
Can the Indian hedge fund managers convince the wealthy to take up the expensive investment strategy?
While the country imposed limits, it also eased and simplified other restriction to attract foreign inflows. This is done to plug record current account deficit.
It believes that BSE Sensex will reach 22,500 by December-end.
Higher food prices can accelerate broader inflation by pushing up wages, while negatively impacting the government finances and reducing monetary policy flexibility, Moody's said in a report.
It believes that there had been "little progress" in structural reforms.
The warning late on Wednesday came as a surprise given Tata shares hit a record high earlier this month on a rally sparked by expectations for improving sales at JLR, especially in the key China market, and optimism about the launch of new models.
It said that the company encourages "chronic under-performers" to leave as part of its staff management.
The software services provider looks to cut costs and boost sales.
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