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Rupee slips past 95 as 100 looms closer and markets brace for pressure
Economy
Published on 24 April 2026
RBI curbs banks’ forex trades as 100 becomes the next test
The rupee has crossed 95 per dollar amid structural pressure, foreign outflows, and elevated oil prices. The RBI’s limits on banks’ forex positions target speculation and arbitrage, but a move toward 100 could hit import-heavy industries and rattle financial markets. Exporters like IT and pharma may see some support, yet experts warn the currency remains under sustained stress.
- Rupee breaks past 95 due to imbalances, foreign outflows and high oil
- RBI limits on bank forex positions aim to reduce speculative bets
- A slide toward 100 could weigh on import-reliant sectors and markets
- Exporters may gain, but overall stress is expected to persist
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times