The Reserve Bank of India has intensified its crackdown on rupee speculation, now targeting corporate arbitrage after initial measures on banks proved insufficient. New rules prevent banks from offering rupee non-deliverable forwards and bar companies from rebooking cancelled forward contracts, aiming to curb currency volatility amid geopolitical concerns.
Rupee slips 9 paise as dollar demand keeps up pressure
The rupee closed at 96.35, nine paise weaker from its previous close of 96.26 as consistent dollar demand continued to pressure the currency. The currency
July 17, 2026