Foreign banks are reportedly reclassifying arbitrage deals, impacted by RBI’s rupee speculation clampdown, as hedges for capital from overseas parents. This move aims to circumvent the $100 million net open position limit imposed by the regulator. The RBI may scrutinize these reclassifications based on timelines and documentation.
Bleak Winter! Why analysts are hinting at painful October even after 8 weeks of Nifty correction?
The global backdrop remains the biggest problem. US yields above 5%, a firm dollar, higher crude prices and rupee weakness make India more vulnerable.
October 3, 2026