INR: RBI clampdown offers only brief respite – Societe Generale
Ni FXStreet Insights Team
Na-update: 30 Mar 2026
Sikat na Artikulo
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.)
Higit sa isang milyong user ang umaasa sa FXStreet para sa real-time market data, charting tools, expert insights, at Forex news. Ang komprehensibong economic calendar at educational webinars nito ay tumutulong sa mga trader na manatiling may alam at gumawa ng kalkuladong mga desisyon. Sinusuportahan ang FXStreet ng humigit-kumulang 60 propesyonal sa pagitan ng Barcelona HQ at iba’t ibang rehiyon sa buong mundo.
Magbasa pa
