RBI caps forex position limit at ₹800 cr
after close1 source ↓written by the desknot a recommendation
- against the US
- ₹94.84
The Reserve Bank of India has imposed a daily forex position limit of ₹800 cr for banks amid rising pressure on the Indian Rupee, which has recently hit an all-time low of ₹94.84 against the US Dollar. This move aims to stabilize the currency amidst global tensions and capital outflows. Traders should monitor liquidity impacts and market reactions closely.
Not investment advice. For informational purposes only.