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RBI caps forex bet by banks to check rupee volatility
March 29, 2026
|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.
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.
هذه القصة من طبعة March 29, 2026 من The New Indian Express Kottayam.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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.
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.
3 mins
April 24, 2026
The New Indian Express Kottayam
Samson, Chennai’s Super King vs MI
STORIED rivalries between two teams demand plotlines.
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.
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...
1 min
April 24, 2026
The New Indian Express Kottayam
Links between Hamas, Pak terror outfits flagged
Tactical similarities
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.
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
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.
1 mins
April 24, 2026
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.
1 mins
April 24, 2026
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