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RBI announces more actions amid rupee depreciation

Summary by NewsDrum
Mumbai, Apr 1 (PTI) Amid sharp depreciation in the rupee, the Reserve Bank on Wednesday announced more actions focused on authorised dealers (ADs).The moves follow a "review of evolving market conditions" and are applicable immediately.Authorised dealers (ADs) -- banks authorised by RBI to deal in foreign exchange -- will not be able to offer non-deliverable derivative contracts involving the Indian rupee to resident or non-resident users, the c…
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NewsDrum broke the news in on Wednesday, April 1, 2026.
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