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The Economic Times

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India unleashes curbs on rupee bets as intervention costs swell

India's central bank is implementing forceful new rules to curb speculative bets against the rupee, capping banks' open positions at $100 million daily. This shift from direct intervention aims to stabilize the currency amid record lows driven by the Iran war, which has drained foreign-exchange reserves.

30 Mar 2026 6:25 am