Banks have largely exited Indian rupee arbitrage trades, complying with the Reserve Bank of India’s $100 million net open position limit. These measures, aimed at curbing FX market volatility, were implemented by April 10. Market participants estimate around $40 billion in arbitrage positions have been unwound, with recent price action indicating the completion of these exits.
Concurrent Losers: 14 midcap stocks decline for 5 consecutive sessions
Over the last five trading sessions ended October 1, the benchmark Sensex declined 2.27%, or 1,671 points, to close at 71,909. The index recorded losses
October 3, 2026