RBI tightens forex rules, raising hedging concerns for businesses
pre-market1 source ↓written by the desknot a recommendation
- from lows near
- ₹93.1
- from lows near
- ₹95
The Reserve Bank of India (RBI) has imposed strict restrictions on foreign exchange derivatives trading, limiting banks' net open positions to USD 100 million. This clampdown aims to curb speculative bets that pressured the rupee, which recently appreciated to ₹93.1 from lows near ₹95. Businesses now face increased hedging challenges as these measures unfold.
Not investment advice. For informational purposes only.