How RBI’s New Currency Rule Triggered the Rupee Rally
April 02, 2026
Rupee has remained highly volatile in the recent past and was affected the most after the Middle East crisis. Indian Rupee crossed the 95 a dollar mark on March 30 briefly even as the RBI moved to limit banks’ exposure to net open positions on the rupee., Economy, Times Now
The Indian Rupee on Thursday opened 130 paise higher trading at 93.53 to the dollar after ending the previous session at a new low of 94.83 on March 30. The currency was reacting to Reserve Bank of India's (RBI) additional measures to curb the volatility in rupee.
Rupee has remained highly volatile in the recent past and was affected the most after the Middle East crisis. Indian Rupee crossed the 95 a dollar mark on March 30 briefly even as the RBI moved to limit banks’ exposure to net open positions on the rupee.
On Wednesday, the RBI has barred the banks from offering rupee non-deliverable forwards to resident and non-resident clients saying the companies cannot re-book cancelled forex derivatives contracts.
RBI has intensified efforts to limit arbitrage opportunities and speculative bets that have been weighing on the rupee.
Rupee has remained highly volatile in the recent past and was affected the most after the Middle East crisis. Indian Rupee crossed the 95 a dollar mark on March 30 briefly even as the RBI moved to limit banks’ exposure to net open positions on the rupee.
On Wednesday, the RBI has barred the banks from offering rupee non-deliverable forwards to resident and non-resident clients saying the companies cannot re-book cancelled forex derivatives contracts.
RBI has intensified efforts to limit arbitrage opportunities and speculative bets that have been weighing on the rupee.