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The Economic Times

Markets / The Economic Times

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Rupee rallies 1% to 93.85 vs USD after RBI caps banks' FX positions

The Indian Rupee saw a strong rebound on Monday. This surge followed new regulations from the Reserve Bank of India. Banks now face tighter limits on their foreign exchange positions. This move is expected to encourage dollar selling in the domestic market. Traders are likely adjusting their positions. The Rupee recovered significantly from its recent record low.

30 Mar 2026 9:19 am