HDFC Bank, ICICI Bank, SBI and other banking stocks fall up to 4% as RBI tightens Forex rules
HDFC Bank, ICICI Bank and other leading banks saw a sharp decline after the RBI capped the open positions in the onshore currency market at $100 million. This move could force banks to unwind their large positions, leading to immediate dollar selling and short-term support for the rupee.
HDFC Bank, ICICI Bank and other leading banks saw a sharp decline after the RBI capped the open positions in the onshore currency market at $100 million. This move could force banks to unwind their large positions, leading to immediate dollar selling and short-term support for the rupee.
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