net open position

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    India's Rupee Weakens as Iran Crisis Fuels Volatility

    Mumbai, March 30 The rupee breached the 95/USD mark on Monday in intra-day trading and settled at 94.78 (provisional) against the American currency after the escalation of the Iran war jolted global markets, fueling rupee volatility and risk-off sentiment.Forex traders said the USD/INR pair...
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    Rupee Rebounds: Gains 128 Paise Against Dollar

    Mumbai, March 30 The rupee recovered 128 paise from its all-time low of 93.57 against the US dollar in early trade on Monday, after the Reserve Bank reduced the net open position that banks can hold overnight to USD 100 million.Forex traders said the rupee opened stronger as banks, who...
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