RBI moves to support rupee at 96.78, cracks down on forex derivatives
The Reserve Bank of India introduced new measures to address the pressure on the rupee. These measures include tightening foreign exchange derivative rules and limiting rebooking of cancelled contracts. Furthermore, a 20% cash reserve requirement has been established for large forex derivatives transactions.
The central bank aims to enhance market discipline and promote effective risk management strategies.
Synopsis The Reserve Bank of India introduced new measures to address the pressure on the rupee. These measures include tightening foreign exchange derivative rules and limiting rebooking of cancelled contracts. Furthermore, a 20% cash reserve requir... [4243 chars]
Read the full report on The Economic Times
Story file
- Section
- Business
- Topics
- Economy & RBI
- First reported by
- The Economic Times
- Published
- Saturday, 10 October 2026, 9:09 am IST
- Coverage
- One outlet so far
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