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RBI caps forex bet by banks to check rupee volatility

March 29, 2026

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The New Indian Express Kottayam

THE Reserve Bank of India (RBI) has directed banks to limit their net open position in the rupee (NOP-INR) in the onshore deliverable market to $100 million at the end of each business day, in a move aimed at managing exchange rate volatility.

- ENS ECONOMIC BUREAU

Indian currency has seen unprecedented volatility with rupee losing more than 5% in March alone and over 10% the current financial year. The domestic currency closed at 94.82 on Friday, down 86 paise from its previous close, weighed down by elevated oil prices anda stronger greenback amid the rising uncertainties over the Iran war.

المزيد من القصص من The New Indian Express Kottayam

The New Indian Express Kottayam

Union Bank Q4 profit sees modest growth on slippages

STATE-owned Union Bank of India on Thursday reported a 6.64% YoY growth in net income at 5,316 crore, weighed down by a sharp increase in fresh slippages, which printed in at %2,023 crore.

time to read

1 min

April 24, 2026

The New Indian Express Kottayam

GAP FOREIGN SCHOLARSHIPS REVEAL

NDIA is one of only seven countries in the world that receive more than $20 million in educational scholarships from foreign countries, according to Unesco’s latest global statistical report.

time to read

3 mins

April 24, 2026

The New Indian Express Kottayam

Samson, Chennai’s Super King vs MI

STORIED rivalries between two teams demand plotlines.

time to read

2 mins

April 24, 2026

The New Indian Express Kottayam

Market sees another session of fall amid Iran War

DOMESTIC equity market registered another session of heavy selling as escalating US-Iran tensions and a sharp rise in crude oil prices hampered sentiments.

time to read

1 min

April 24, 2026

The New Indian Express Kottayam

Chance for RCB, GT to climb up the points table

Royal Challengers Bengaluru can go second while Gujarat Titans have the chance to climb up the leaderboard. A look at their clash on Friday...

time to read

1 min

April 24, 2026

The New Indian Express Kottayam

Links between Hamas, Pak terror outfits flagged

Tactical similarities

time to read

1 mins

April 24, 2026

The New Indian Express Kottayam

NGT serves notices to IPL venues, authorities confident ties will go on

EVEN as the National Green Tribunal (NGT) issued notices to six cricket stadiums across the country asking why activities at their venues should not be stopped, the authorities concerned hoped the recent development will not affect the ongoing Indian Premier League (IPL) matches at their facilities.

time to read

2 mins

April 24, 2026

The New Indian Express Kottayam

Trump orders to ‘shoot & kill’ Iran boats laying mines in Hormuz

Strait largely shut by Iran following blockade, brushing off US demands as naval tensions rise; oil prices climb amid widening economic fallout

time to read

2 mins

April 24, 2026

The New Indian Express Kottayam

Round two in play as Pakistan nudges US-Iran negotiations forward

PAKISTAN’S Interior Minister Mohsin Naqvi on Thursday met US Charge d’Affaires to Pakistan, Natalie Baker and discussed ongoing diplomatic efforts to hold a second round of US-Iran talks in Islamabad, according to an official statement.

time to read

1 mins

April 24, 2026

The New Indian Express Kottayam

The New Indian Express Kottayam

B’desh measles toll hits 194 kids, cases surge past 28,000

BANGLADESH has recorded 194 child deaths due to measles in an outbreak that began last month, while the number of suspected child cases has exceeded 28,000, government data showed on Thursday.

time to read

1 mins

April 24, 2026

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