India’s central bank eased some restrictions on lenders’ currency market transactions, signaling a partial rollback in some of its most aggressive steps in decades to defend the rupee.
India’s central bank eased some restrictions on lenders’ currency market transactions, signaling a partial rollback in some of its most aggressive steps in decades to defend the rupee.
The Reserve Bank of India (RBI) headquarters in Mumbai, India, on Wednesday, April 8, 2026. The RBI held interest rates in its first policy decision since the Middle East crisis erupted, as it grapples with a sharply weaker rupee while trying to support economic growth.
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