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West Asia war: Rupee rebounds 1.3 per cent after RBI caps banks’ forex positions
Updated On: 30 March, 2026 12:23 PM IST | Mumbai | mid-day online correspondent
Rupee rises 1.28 to 93.57 after RBI limits banks’ dollar trades to USD 100 million to curb speculation. Rising crude prices and geopolitical tensions continue to pressure the currency, while equity markets reflect investor caution
-1774852663675_d.png "West Asia war: Rupee rebounds 1.3 per cent after RBI caps banks’ forex positions")
RBI curbs speculative trading as rupee recovers from record low. File Pic
The Indian rupee bounced back sharply in early trade on Monday, gaining 1.3 per cent which is 128 paise to 93.57 per US dollar from its all-time low of 94.85 recorded on Friday, reported the PTI.
Analysts say the rebound comes after the Reserve Bank of India (RBI) imposed restrictions on how much banks can bet on the rupee in the foreign exchange market.
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