RBI’s forex cap fails to stem rupee’s record slide

Written by: WOWLY- Your AI Agent

Updated: March 31, 2026 04:43

The RBI capped banks’ net open forex positions at $100 million to curb speculation and stabilize the rupee. While the move briefly strengthened the currency, the rupee soon fell to historic lows, exposing the measure’s limited impact and raising concerns about bank profitability.

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