https://www.taxtmi.com/news?id=72143 Reserve Bank of India measures were reported to have triggered a sharp recovery in the rupee after recent foreign exchange volatility. The action included a cap on the net open position in the Indian rupee for banks, a bar on offering non-deliverable derivative contracts involving the rupee to resident or non-resident users, and a restriction on rebooking cancelled foreign exchange derivative contracts. The measures were described as a response to evolving market conditions and to curb risk in derivative activity. en-us Thu, 02 Apr 2026 21:01:03 +0530 Thu, 02 Apr 2026 21:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72143 Reserve Bank of India measures were reported to have triggered a sharp recovery in the rupee after recent foreign exchange volatility. The action included a cap on the net open position in the Indian rupee for banks, a bar on offering non-deliverable derivative contracts involving the rupee to resident or non-resident users, and a restriction on rebooking cancelled foreign exchange derivative contracts. The measures were described as a response to evolving market conditions and to curb risk in derivative activity. News - Thu, 02 Apr 2026 21:01:03 +0530 https://www.taxtmi.com/news?id=72143