RBI moves to support rupee at 96.78, cracks down on forex derivatives
- Posted on October 10, 2026
- By Business News Today
- 1 Views
- 1 min read
In brief
India's central bank implements comprehensive regulatory reforms to stabilize the rupee against external pressures. The RBI introduces stricter controls on forex derivative markets, including mandatory cash reserve requirements of 20% for high-value transactions and restrictions on contract rebooking. These initiatives strengthen market oversight, discourage speculative trading, and establish more robust risk management frameworks across the financial sector.
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RBI moves to support rupee at 96.78, cracks down on forex derivatives
The Reserve Bank of India introduced new measures to address the pressure on the rupee. These measures include tightening foreign exchange derivative rules and limiting rebooking of cancelled contracts. Furthermore, a 20% cash reserve requirement has been established for large forex derivatives transactions. The central bank aims to enhance market discipline and promote effective risk management strategies.
