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Indian Banks’ Forex Trading Losses Hit Nearly $500 Million, Lenders Recover $400 Million After RBI Position Cap

Indian Banks’ Forex Trading Losses Hit Nearly $500 Million, Lenders Recover $400 Million After RBI Position Cap
Photo: Free Press Journal · view original

New Delhi: Indian banks suffered nearly $500 million in foreign exchange trading losses during the first half of 2026 after Reserve Bank of India rules forced them to reduce currency positions, according to Crisil Coalition Greenwich. Lenders subsequently recovered around $400 million as trading...

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