RBI Bans Rupee Forward Rebooking to Curb Speculation
The RBI banned rebooking forward contracts to curb rupee speculation. This follows a record monthly drop in the currency value amid regional conflict worries.
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The central bank of India has significantly expanded its efforts to curb speculative trading in the national currency. This escalation follows an initial attempt to restrict bank activity that failed to stabilize the rupee, which has recently plummeted to record lows.
