14-October-2026
Banking
 
Banks seek RBI relief, more time on strict forex curbs
13-Oct-2026

Banks and foreign exchange market participants have approached the Reserve Bank of India’s (RBI) seeking relaxation of its stringent forex trading restrictions, an extension of the implementation deadline and clarity on operational issues, even as the central bank’s measures helped the rupee stage a sharp recovery on Monday. The domestic currency surged 96 paise, or nearly 1%, to close at 95.78 against the dollar, marking its second-largest single-day gain since April 2, as the RBI’s aggressive measures to arrest its slide took effect.

News Source:- https://www.financialexpress.com/policy/economy-rbi-curbs-shore-up-the-rupee-4359498/?ref=hometop_hp