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RBI tightens norms on net open positions to curb rupees slide

The Reserve Bank of India has set a new limit for banks on their foreign currency dealings in the rupee. This move aims to control speculative trading and stabilize the Indian currency. Banks must now keep their open positions within 100 million US dollars each day. This regulation comes as the rupee faces pressure and has depreciated significantly.

28 Mar 2026 1:10 am