INR: RBI clampdown offers only brief respite – Societe Generale
Oleh FXStreet Insights Team
Diperbarui: 30 Mar 2026
ARTIKEL POPULER
Societe Generale analysts note the INR rallied over 1% after RBI intervention and new limits on banks’ net open FX positions, but the currency remains down 4% this month amid heavy FPI outflows.
Societe Generale analysts note the INR rallied over 1% after RBI intervention and new limits on banks’ net open FX positions, but the currency remains down 4% this month amid heavy FPI outflows. They warn the relief is likely short‑lived given trade and fiscal headwinds and rising 10‑year IGB yields near 7.0%.
Intervention bounce versus structural headwinds
"The INR rallied by over 1% to 93.53/USD low after intervention by the RBI."
"The central bank directed commercial banks to limit their net open positions in the rupee in the FX markets to $100m at the end of each business day (effective 10 April) vs earlier limit of 25% of the firm’s total capital."
"The currency is down 4% this month amid record FPI outflows (- $12.1bn from equities and -$1.6bn from bonds)."
"Respite is likely to be short-lived, however given fundamental headwinds on trade and public finances, and negative FPI portfolio flows."
"The 10y IGB yield is on the cusp of breaching 7.0% for the first time since July 2024."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Lebih dari satu juta pengguna mengandalkan FXStreet untuk data pasar real-time, alat charting, wawasan ahli, dan berita forex. Kalender ekonomi komprehensif dan webinar edukatif membantu trader tetap mendapat informasi dan membuat keputusan terukur. FXStreet memiliki sekitar 60 profesional yang tersebar antara kantor pusat Barcelona dan berbagai wilayah global.
Baca Selengkapnya
