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Rupee jumps to best day in 11 years as RBI cracks down on currency bets
Economy
Published on 24 April 2026
RBI action targets bets that were driving volatility
The Indian rupee rallied sharply on Thursday, hitting its best day in more than a decade. The surge followed tighter RBI measures aimed at curbing speculative positions against the currency. Markets are now watching whether the crackdown can sustain gains, recalling 2013 when extraordinary steps were used to stabilize FX conditions amid similar stress.
- Rupee logged its strongest day in over a decade
- RBI tightened controls to curb speculation against the currency
- Move is seen as a bid to reduce volatility in forex markets
- 2013 parallels raise expectations for further stabilization steps
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times