RBI caps banks’ rupee net open positions at $100 million
Banks must unwind excess forex exposure daily
Change
India’s RBI limited authorised dealers’ rupee net open positions to $100 million at end of each business day effective April 10, 2026.
Why it matters
The rule restricts overnight currency exposure, forcing trading desks to close or hedge positions before market close.
Implications
- — Banks must reduce open positions — trading flexibility reduced
- — Risk controls tightened — compliance monitoring increases
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