RBI open to more steps to curb FX speculation

What happened: RBI Governor Malhotra said the central bank is open to more steps to ensure orderly movement in the foreign exchange market, and that recent measures are not capital controls but aim to serve genuine hedging needs. Key numbers: Offshore dollar-rupee non-deliverable forwards eased as much as 0.1% to 95.36. The rupee rose as much as 0.8% to 95.01 per dollar, after a 1% gain Monday. Why it matters: The RBI extended curbs on certain derivative transactions and added a special window for oil firms, as the rupee slipped toward record lows. Coverage: 3 outlets in 24h

RBI signaling further action against FX speculation drives INR policy uncertainty.

RBI signaling further action against FX speculation drives INR policy uncertainty. — impact context not separately stored; see What changed.