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The Economic Times

Markets / The Economic Times

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Rupee set to climb amid arbitrage unwinding prompted by RBI position limits

The Indian rupee is expected to rally as the Reserve Bank of India imposed curbs on onshore position limits, requiring banks to cap net open rupee positions at $100 million. This move will prompt dollar selling by banks to unwind arbitrage trades, which had exploited the spread between onshore and NDF markets.

30 Mar 2026 8:08 am