08-April-2026
Markets and Finance
 
Rupee continues to gain as banks unwind arbitrage trades
07-Apr-2026

The Indian rupee sustained its gains on Monday as banks continued to unwind arbitrage trades, said currency dealers. The domestic currency rose 4 paise to 93.061 against the dollar, according to Bloomberg. During the day, it moved in the range of 92.78-93.10. Followed by the Reserve Bank of India’s (RBI) measures, the rupee logged its largest single-day gain in the prior session on April 2, closing at 93.10, as banks trimmed arbitrage positions. The rupee has depreciated 2.3% since the beginning of the war. So far in the calendar year, it has fallen 3.5%.

News Source:- https://www.financialexpress.com/market/rupee-continues-to-gain-as-banks-unwind-arbitrage-trades-4197604/?ref=markets_hp