RBI’s currency defence could leave banks paying the price

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The Reserve Bank of India has introduced a bold new daily limit on the open rupee positions held by banks, aiming to counteract the rupee’s weakening trend versus the dollar. As a result, banks are now required to trim their dollar assets and offload US currency.

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NTPC has showcased a strong performance in the second quarter of FY27, with a significant 14% increase in standalone net profit year-on-year. The operational revenue

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