RBI intervention amid Rupee fall leads banks to unwind forex bets, Q4 earnings at risk with up to Rs 4000 crore impact per Rupee move | EXPLAINED – Markets
RBI intervention post Rupee’s free fall put banks in spotlight. (Image: iStock/ ET Now Digital) The Reserve Bank of India’s recent tightening of foreign exchange exposure norms could emerge as a negative surprise for the banking sector. The RBI has capped banks’ forex net open position (NOP) at USD 100 million, a move that caught…
