1. RBI Shocks Markets: Bans Key Offshore Rupee Tool, Sparks Sharpest Currency Gain in a Decade
The Reserve Bank of India (RBI) has delivered a seismic shock to currency markets, abruptly banning banks from dealing in the most popular offshore rupee derivative. This unprecedented move to assert direct control over the rupee's external valuation triggered an immediate and violent market reaction, sending the India...