INR: RBI clampdown offers only brief respite – Societe Generale
Di FXStreet Insights Team
Aggiornato: 30 Mar 2026
ARTICOLI POPOLARI
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.)
Oltre un milione di utenti si affida a FXStreet per dati di mercato in tempo reale, strumenti di charting, approfondimenti di esperti e notizie Forex. Il loro calendario economico completo e i webinar formativi aiutano i trader a rimanere informati e a prendere decisioni ponderate. FXStreet conta circa 60 professionisti tra la sede di Barcellona e diverse regioni globali.
Leggi di più
