https://www.taxtmi.com/news?id=71959 RBI lowered the net open position that banks may keep overnight to USD 100 million, requiring compliance by 10 April 2026. The circular was aimed at limiting banks' currency exposure in onshore foreign exchange markets and prompted position adjustment by banks holding long dollar positions. The measure had an immediate market effect, with the rupee recovering in early trade after recent weakness. en-us Mon, 30 Mar 2026 10:01:02 +0530 Mon, 30 Mar 2026 10:01:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71959 RBI lowered the net open position that banks may keep overnight to USD 100 million, requiring compliance by 10 April 2026. The circular was aimed at limiting banks' currency exposure in onshore foreign exchange markets and prompted position adjustment by banks holding long dollar positions. The measure had an immediate market effect, with the rupee recovering in early trade after recent weakness. News - Mon, 30 Mar 2026 10:01:02 +0530 https://www.taxtmi.com/news?id=71959