Indian Rupee Climbs After RBI Steps to Curb Forex Bets

The Indian rupee rebounded strongly, gaining 151 paise to 93.19 against the US dollar after the Reserve Bank of India (RBI) capped banks' net open positions, reinforcing its efforts to stabilize the currency.

2 Apr, 05:41 — 2 Apr, 05:41

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Times of IndiaMostly Factual64d ago

Rupee climbs 151 paise to reach 93.19 against US dollar

The Indian rupee rebounded strongly, gaining 151 paise to 93.19 against the US dollar after the Reserve Bank capped banks' net open positions. Despite this regulatory intervention, underlying pressures from foreign fund outflows, a firming dollar, and high crude oil prices persist, impacting equity markets as well.

By TOI BUSINESS DESK

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Coverage Timeline

First report: indian-express · 2 Apr, 03:55|Full coverage: 2 · 2h|Window: 2h

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indian-express2 Apr, 03:55First to report

Rupee jumps to 93.53 vs dollar after RBI steps to curb forex bets

2h later

Times of India2 Apr, 05:41Latest update

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Indian Rupee Climbs After RBI Steps to Curb Forex Bets

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Rupee climbs 151 paise to reach 93.19 against US dollar

Coverage Timeline

Rupee jumps to 93.53 vs dollar after RBI steps to curb forex bets

Rupee climbs 151 paise to reach 93.19 against US dollar

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