Rupee to rally as RBI tightens FX curbs, traders digest Trump remarks
By Jaspreet Kalra
Published on April 2, 2026.
The Indian rupee is expected to open sharply higher on Thursday after the Reserve Bank of India (RBI) introduced measures to clamp down on speculative activity. Traders are expecting significant dollar sales as these positions are unwound. The move comes amid concerns over India's balance of payments and weak capital flows. The 1-month non-deliverable forward indicated the rupee would open in the 92.65-92.70 range against the U.S. dollar. The announcement comes as concerns grow over the Middle East conflict and potential further weakness in the rupees.
Related Articles
Sine Die: Countdown is on for lawmakers to pass legislation, including state budget
Lawmakers in Georgia are racing to pass crucial legislation, including a state budget, before the legislative session ends, to ensure fiscal sanity and ensure proper funding for future generations.
India's bank stocks drop after central bank intensifies crackdown on rupee speculation
India's bank stocks dropped as the Reserve Bank intensified its crackdown on rupee speculation, requiring stricter regulations and closing loopholes to prevent losses.
Diabetes advocates cross their fingers as a bipartisan bill revives efforts to lower insulin costs
A bipartisan bill aims to cap insulin costs at $35 per month for Americans with private insurance, addressing high costs and accessibility challenges.