12-October-2026
Markets and Finance
 
RBI moves to support rupee at 96.78, cracks down on forex derivatives
10-Oct-2026

The Reserve Bank of India (RBI) on Saturday announced a series of measures to ease pressure on the rupee, tightening rules for foreign exchange derivatives, restricting the rebooking of cancelled contracts and introducing a cash reserve requirement for large trades. The rupee is currently trading at 96.78 against the US dollar, close to its all-time low of 96.95 hit in May.

News Source:- https://economictimes.indiatimes.com/news/economy/indicators/rbi-moves-to-support-rupee-at-96-78-cracks-down-on-forex-derivatives/articleshow/134846784.cms
 
 
 

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