Explained | RBI’s worries about pressure on rupee and measures to curb volatility in forex market
Story so far: In view of the evolving geopolitical conditions, fluctuations in oil prices and to ensure orderly functioning of the foreign exchange market, the Reserve Bank of India (RBI) on October 10, 2026, issued two circulars, announcing several regulatory measures. What were the measures? Restrictions on rebooking of cancelled foreign exchange derivative contracts: as…