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.
Lending rates fall some more, private banks lead push
Fresh rupee loan rates dipped in February, with private banks leading the decline. However, public sector banks increased their lending rates. The easing on outstanding
March 31, 2026