Open To More Steps To Defend Rupee, Curb Forex Speculation: RBI Governor

Open To More Steps To Defend Rupee, Curb Forex Speculation: RBI Governor

The extended curbs added to steps taken over the weekend, including a special window for oil firms to meet their dollar demand.

RBI open to more steps to curb FX speculation, Governor Sanjay Malhotra says

RBI Governor Sanjay Malhotra said the central bank may take further steps to curb speculative forex trading and ensure orderly movement in the currency market. He said recent restrictions aim to support genuine hedging needs, not impose capital controls.

RBI Open To Further Measures To Protect Rupee

The Reserve Bank of India (RBI) is prepared to implement further actions if necessary to address speculative trading in the foreign exchange market, according to Governor Sanjay Malhotra in a recent interview Malhotra emphasised the RBI’s determination to ensure a stable and orderly foreign exchange market, stating that the central bank will take all required […]

Rupee Gains as RBI Signals More Steps to Curb Forex Speculation

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