29-March-2026
Economy News
 
RBI tightens norms on net open positions to curb rupee’s slide
28-Mar-2026

The Reserve Bank of India has capped banks' net open positions in the rupee at $100 million at the end of each business day, tightening its oversight in the foreign exchange market as the currency slid to record lows. In a notification issued Friday, the central bank asked authorised dealers of foreign currency to comply with the rule by April 10.

News Source:- https://economictimes.indiatimes.com/news/economy/policy/rbi-tightens-norms-on-net-open-positions-to-curb-rupees-slide/articleshow/129853942.cms
 
 
 

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