RBI cap to force banks unwind long dollar bets; Rupee seen surging up by 100 paise
The directive asks Authorised Dealers to ensure that their Net Open Position – Indian Rupee (NOP-INR) in the onshore deliverable market should be maintained within US$ 100 million at the end of each business day.
The directive asks Authorised Dealers to ensure that their Net Open Position – Indian Rupee (NOP-INR) in the onshore deliverable market should be maintained within US$ 100 million at the end of each business day.
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