Indian rupee up 2.5% since late March after RBI curbs
NewsBytes | April 10, 2026 3:40 PM CST
RBI caps banks' positions at $100 million
To cool off risky trading, the RBI capped banks' open currency positions at $100 million and banned certain offshore rupee contracts.
While these moves helped boost the rupee, they also made it pricier for foreign investors to hedge their bets.
Nearly $3 billion was pulled from Indian stocks this month and another $1 billion out of bonds since the March 27 curbs were announced.
So even with the rupee's recent gains, global economic uncertainty still hangs over its future.
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