RBI should have cracked down sooner considering rupee is vulnerable to capital outflows and they eased many foreign capital norms. The main synthetic trading and speculative attacks against INR was happening in offshore markets that operate outside of regulatory authority, this loophole should have been closed sooner.
4
Dummy-Demo-87733 days ago
+1
Non paywall versions:
\- [https://www.reuters.com/world/india/india-rupee-jumps-2-rises-above-93-first-time-nearly-2-weeks-after-rbi-measures-2026-04-02/](https://www.reuters.com/world/india/india-rupee-jumps-2-rises-above-93-first-time-nearly-2-weeks-after-rbi-measures-2026-04-02/)
\- [https://www.financialexpress.com/business/banking-finance/rbi-crackdown-sparks-rupee-surge/4193473/](https://www.financialexpress.com/business/banking-finance/rbi-crackdown-sparks-rupee-surge/4193473/)
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