COMPETITIVE · REGULATORY · INDIA
RBI caps banks' net onshore rupee positions at $100 million
Change
The Reserve Bank of India limited banks' net open onshore rupee positions to $100 million at the end of each business day.
Why it matters
Banks face immediate pressure to reduce or restructure large short-term and offshore NDF exposures, forcing rapid trade adjustments that can incur substantial mark-to-market losses. That operational constraint raises the risk of abrupt unwinds and abnormal onshore price movements.
Implications · Who is affected · What to watch
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