Banks seek RBI relief, clarity on India's latest rupee-defence measures, sources say
Indian banks are requesting that the Reserve Bank of India (RBI) relax recent measures implemented to defend the rupee. The banks are specifically seeking clarity and the removal of certain thresholds associated with these new regulations.
Why it matters
This reflects ongoing volatility in currency markets and the tension between regulatory intervention and banking sector operational needs.
MUMBAI, Oct 12 (Reuters) - Banks have urged the Reserve Bank of India to ease one of the key measures the regulator announced…
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