Lenders in India are urging the central bank to rethink new rules for foreign-exchange transactions designed to shore up the rupee, saying the measures would saddle them with large losses, according to people familiar with the matter.
Lenders in India are urging the central bank to rethink new rules for foreign-exchange transactions designed to shore up the rupee, saying the measures would saddle them with large losses, according to people familiar with the matter.
The Reserve Bank of India (RBI) headquarters building in Mumbai, India, on Wednesday, Aug. 6, 2025. RBI Governor Sanjay Malhotra said the country contributes more to global growth than the US, responding to President Donald Trump’s recent remark dismissing the South Asian nation as a “dead” economy.
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