COMPETITIVE · REGULATORY · INDIA
RBI caps banks' net open rupee positions
Change
RBI capped banks' net open positions in the onshore rupee at $100 million per business day.
Why it matters
Authorised dealer banks must keep their onshore deliverable NOP‑INR at or below $100 million at the end of each business day. This restricts the ability to hold large overnight rupee exposures and forces intraday position reductions, curbing speculative pressure on the rupee.
Implications · Who is affected · What to watch
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