Reserve Bank of India (RBI) caps banks' net open position at $100 million

Exam-focused facts from the 31 March 2026 current affairs briefing.

Key facts

Reserve Bank of India (RBI) has capped banks' net open position in rupee at $100 million effective April 10, 2026.
This is the first time in nearly 15 years that RBI has imposed such curbs on currency market bets.
Previously, bank boards fixed the net open position limit.
Post-2013, banks set their own Net Overnight Open Position Limits (NOOPL) up to 25% of Tier I/II capital.
In December 2011, RBI had curbed net open position limits by 75% for some banks and 50% for top banks after the domestic currency weakened by 20%.