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The Economic Times

Markets / The Economic Times

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Rupee seen bouncing up as RBI extends safety net below

The Reserve Bank of India has issued a new directive to banks. This rule limits their net open positions in the rupee to $100 million daily. This move aims to halt the rupee's sharp fall against the dollar. Traders anticipate significant dollar sales by banks. The rupee could see immediate gains.

30 Mar 2026 6:09 am