BusinessPhoto: Amar BusinessRBI Tightens Rules to Curb Rupee Speculation with Special Dollar Window
The Reserve Bank of India (RBI) has implemented key measures to ensure orderly activity in the foreign exchange market. Governor Sanjay Malhotra stated these steps aim to curb unfair speculative activities, including creating a special dollar window for oil marketing companies. RBI also mandated banks to maintain a 20% reserve fund for dollar purchases to reduce speculative bets against the rupee. These measures target market stability and restrict rebooking of canceled forex derivative contracts.
Amar Business·

