← Latest news 
Rupee jumps 2% above 93 as RBI clamps FX speculation and traders unwind bets
Economy
Published on 24 April 2026
Traders are unwinding a dollar glut on RBI signals
The rupee jumped about 2% in early trade, rising above 93 for the first time in nearly two weeks, after the RBI introduced measures to curb FX speculation and arbitrage flows. Analysts expect the steps to trigger more onshore dollar sales as traders unwind positions. However, pressures remain as energy prices climb amid Middle East risks and political remarks from the US.
- Rupee gains more than 2% and crosses above 93
- RBI measures target speculation and arbitrage in FX markets
- Unwinding of positions could boost onshore dollar supply
- Energy price pressures persist amid Middle East tensions
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times