India's boldest currency move in years fails to hold rupee's gains

By Bhaskar Dutta and Ashutosh Joshi Bloomberg News Monday, March 30, 2026 India's most dramatic step in more than a decade to curb speculation in the foreign-exchange market delivered only fleeting gains, with the rupee's initial jump reversing. After surging as much as 1.4% at the open today, the rupee gave up gains and hit a fresh low in the final stretches of trading.  ... Dispatch continues below ... ... ADVERTISEMENT ... Are you ready to safeguard your assets using precious metals? Hero Bullion is a precious metals dealer with an extensive inventory of competitively priced gold, silver, and platinum products. We didn't get into this business just to sell metals. Our goal is to educate investors to help them make sounder financial decisions. For four years we have focused on educational resources, competitive prices, and reliable, secure shipping. Check out our reviews. Hero Bullion is quickly becoming a favorite of customers all over the country. We're committed to helping you cut through the hype and build your portfolio with high-quality, affordable precious metals. Visit us here: www.herobullion.com Hero Bullion: Gold and silver simply delivered The Reserve Bank of India said Friday it will limit to just $100 million the daily currency positions that lenders can have in the country, restricting their ability to take big bets. The reversal shows how entrenched the currency weakness is, given the broader outlook of elevated oil prices that strain inflation and the trade deficit in the import-dependent country. ... ... For the remainder of the report: https://www.bloomberg.com/news/articles/2026-03-30/indian-rupee-surges-as-rbi-s-cap-on-limits-sparks-dollar-sales * * * Support GATA by purchasing Stuart Englert's "Rigged" "Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon: https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1 * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work: https://www.gata.org/sites/default/files/GATA-silver-round-front.png