Rupee Surges to 93.51 as RBI Imposes $100M Forex Cap; Banking Stocks Tumble on Expected ₹4,000 Cr Treasury Loss

The Indian rupee surged 130 paise on Monday, staged its sharpest single-day recovery in over two years as the Reserve Bank of India (RBI) moved to dismantle speculative “long-dollar” positions by slashing bank exposure limits.The local currency jumped to 93.51 per dollar in mid-m

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