Why The RBI Is Capping Open Rupee Positions To Support INR

Rupee vs USD: After having recently hit a record low, the rupee rallied 1.3% to Rs 93.587 against the US dollar on Monday, March 30. This Reserve Bank of India last week directed banks to limit their net open exposure to the currency in the foreign exchange market to $100 million

Read More

  • Related Posts

    Why Bank Nifty Plummeted Over 4% After RBI’s This Forex Curb

    The sectoral bourse Bank Nifty plummeted over 4% in Monday’s trading session after India’s central bank RBI capped rupee’s foreign exchange exposure at $100 million by the end of each day.This Reserve Bank of India directive was issued last week, requiring compliance by April 10. Read More

    Dalal Street Bloodbath: Sensex Plunges 1,500 Pts as U.S.-Iran War Escalates; Brent Tops $115

    Indian equity benchmarks suffered a massive sell-off on Monday, with the BSE Sensex plunging over 1,500 points as the escalation of the U.S.-Iran conflict entered its fifth week, rattling global energy markets and triggering a flight to safety. By 3:28 PM IST, the S&P BSE Sensex Read More

    Leave a Reply

    Your email address will not be published. Required fields are marked *