The central bank is yet to consider actions such as a rate hike or mobilising dollar inflows from non-resident Indians to boost forex reserves as it cannot afford to continue with them for long when the rupee's internationalisation tops its agenda, explains Tamal Bandyopadhyay.
Indian banks are urging the Reserve Bank of India (RBI) to reconsider its new $100 million cap on net open foreign-exchange positions, warning that the directive could lead to significant mark-to-market (MTM) losses and force an accelerated unwinding of trades, potentially impacting FY26 earnings.
The Reserve Bank of India's (RBI) cap on banks' forex positions provided only a temporary boost to the rupee, with the currency quickly reversing gains and breaching the 95-per-dollar mark due to persistent underlying pressures.
The Indian rupee rebounded against the US dollar after the Reserve Bank of India (RBI) restricted banks' net open positions in dollars. This move prompted banks to sell dollars, providing temporary support for the rupee amidst ongoing geopolitical tensions and rising oil prices.
None of the athletes Salazar has worked with were mentioned in Monday's report.
Nike Inc shut down its Nike Oregon Project training group on Thursday, following the recent four-year ban of founder and coach Alberto Salazar by the US Anti-Doping Agency.
The survey, carried out across 30 nations, found that only those living in Australia, the United States and Egypt are more upbeat.
Images from Saturday's proceedings at the World Athletics Championships in Doha.
American Noah Lyles shot to 200 meters world championships gold on Tuesday, providing a bright finish to a day darkened by yet another doping scandal.
