The RBI's forex curbs are doing the work: the rupee is lifting and banks are reassessing hedging costs. Cheaper hedges plus a firmer INR reshape the carry math for importers and exporters, so watch ho

What happened: The Indian rupee appreciated against the dollar after banks complied with recent RBI currency derivative guidelines. The RBI now requires banks to hold a 20% reserve for foreign exchange risks. Key numbers: 20% reserve requirement for foreign exchange risks. Why it matters: The policy aims to curb speculative trading and support currency stability. Banks are reassessing dollar hedging costs to protect the rupee from further decline.

RBI forex curbs lift rupee as banks reassess hedging costs.

RBI forex curbs lift rupee as banks reassess hedging costs. — impact context not separately stored; see What changed.