India forces banks to unwind rupee bets, squeezing short sellers

The RBI has announced new rules to cap the open positions banks can hold in onshore currency market at $100 million, to arrest a sliding rupee amid Iran war.

India forces banks to unwind rupee bets, squeezing short sellers
The RBI has announced new rules to cap the open positions banks can hold in onshore currency market at $100 million, to arrest a sliding rupee amid Iran war.

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