https://www.taxtmi.com/news?id=72239 The rupee strengthened in early trade after the Reserve Bank of India tightened foreign exchange rules to curb speculative positions and cap banks' net open positions at USD 100 million. The reported movement reflected banks unwinding dollar positions ahead of the compliance deadline, while the measures were supporting the domestic currency in the short term. The currency remained under pressure from foreign capital outflows, a stronger dollar, higher crude oil prices, and broader geopolitical tensions. en-us Mon, 06 Apr 2026 10:01:03 +0530 Mon, 06 Apr 2026 10:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72239 The rupee strengthened in early trade after the Reserve Bank of India tightened foreign exchange rules to curb speculative positions and cap banks' net open positions at USD 100 million. The reported movement reflected banks unwinding dollar positions ahead of the compliance deadline, while the measures were supporting the domestic currency in the short term. The currency remained under pressure from foreign capital outflows, a stronger dollar, higher crude oil prices, and broader geopolitical tensions. News - Mon, 06 Apr 2026 10:01:03 +0530 https://www.taxtmi.com/news?id=72239