During the last one month the Bitcoin community is waiting to see how the regulatory uncertainties in India are shaping up.
RBI has come up with it’s advisory with a rider that it may revise its view on Bitcoins any time in the future. Given the tendency in India to come up with retrospective legislations, Bitcoin community cannot make any further insvestments in India until the air is cleared.
In this connection a demand for clarification has been made with RBI and response is awaited. (See report in coindesk)