Rupee Seen Bouncing Up as RBI Extends Safety Net Below
Published on: March 30, 2026, 3:13 a.m. | Source: The Economic Times
A central bank directive issued late on Friday could break the rupees fall. The Reserve Bank of India (RBI) has asked banks to cap their net open positions in the rupee at $100 million at the end of each business day, effective April 10, a move thats likely to trigger position unwinding.
