Reserve Bank of India (RBI) caps banks’ daily net open forex exposure at $100 million.

Exam-focused facts from the 2 April 2026 current affairs briefing.

Key facts

The Reserve Bank of India (RBI) instructed banks to limit their net open exposure to the currency in the foreign exchange market to $100 million by the end of each day.
The new cap must be complied with by April 10.
Previously, banks could hold net open positions up to 25 per cent of their total capital.
India’s forex reserves have fallen by over $30 billion, to $698.34 billion, since the West Asia conflict began.
The RBI has used dollars from its forex kitty to stabilise the rupee, which breached 95-per-dollar.