The Reserve Bank of India is tightening oversight of foreign-exchange markets and non-deliverable forward (NDF) norms to curb rupee volatility. Recent directives cap banks’ net open foreign-exchange positions and prohibit offering rupee NDF contracts, forcing unwinding of existing positions and preventing new ones. These measures aim to stabilize the rupee by reducing arbitrage opportunities and offshore influence.
Inox Wind shares rise 2% after bagging Rs 755 crore turnkey order from Indian Oil
Inox Wind shares rose nearly 2% after securing a ₹755-crore, 100 MW turnkey order from Indian Oil Corporation. The project includes turbine supply, EPC, execution