https://www.taxtmi.com/news?id=71984 Rupee volatility in foreign exchange markets intensified amid geopolitical tensions, risk-off sentiment, elevated dollar demand and firmer crude prices, with the currency touching an intra-day low before settling lower against the US dollar. The Reserve Bank of India reduced the net open position that banks may maintain overnight and capped the Net Open Position (NOP-INR) for banks at USD 100 million, with compliance required by 10 April, as part of oversight of banks' foreign exchange exposure. en-us Mon, 30 Mar 2026 16:16:04 +0530 Mon, 30 Mar 2026 16:16:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71984 Rupee volatility in foreign exchange markets intensified amid geopolitical tensions, risk-off sentiment, elevated dollar demand and firmer crude prices, with the currency touching an intra-day low before settling lower against the US dollar. The Reserve Bank of India reduced the net open position that banks may maintain overnight and capped the Net Open Position (NOP-INR) for banks at USD 100 million, with compliance required by 10 April, as part of oversight of banks' foreign exchange exposure. News - Mon, 30 Mar 2026 16:16:04 +0530 https://www.taxtmi.com/news?id=71984