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India Trading Ban Rocks $149 Billion-a-Day Offshore Rupee Market
Business

India Trading Ban Rocks $149 Billion-a-Day Offshore Rupee Market

April 2, 2026
Bloomberg
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India banned its banks from offering the most popular instrument for trading the rupee offshore, threatening to squeeze a 149 billion-a-day market in an extreme step to shore up its tumbling currency.

India Trading Ban Rocks $149 Billion-a-Day Offshore Rupee Market
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Bloomberg
Bloomberg

Coverage and analysis from United States of America. All insights are generated by our AI narrative analysis engine.

United States of America
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