{
  "id": 13875480,
  "title": "Rupee Rebounds 91 Paise To 95.80, RBI Forex Measures Fuel Recovery",
  "url": "https://urgent.news/2026/10/12/rupee-rebounds-91-paise-to-95-80-rbi-forex-measures-fuel-recovery",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T04:49:35.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/rupee-rebounds-91-paise-to-9580-rbi-forex-measures-fuel-recovery"
  },
  "original_language": "en",
  "account": "Mumbai, October 12: The Indian rupee rebounded by 91 paise to 95.80 against the US dollar on October 12, according to early trading reports. This rise occurred after the Reserve Bank of India implemented measures to curb currency volatility and limit speculative positions. The currency had opened the prior day at 95.61 but later fell back.\n\nThe rupee had closed on Friday at 96.71, marking a significant recovery from its record low of 96.88 the previous day. The Reserve Bank of India (RBI) introduced a dollar window specifically for oil marketing companies through designated banks, coupled with stricter rules for foreign exchange derivatives.\n\nThese steps were taken to reduce the demand for dollars in the spot market and bolster risk management practices. Forex analysts believe these measures may assist the rupee in withstanding pressures stemming from high crude oil prices and a stronger dollar.\n\nOn October 10, the RBI prohibited authorized dealers from allowing the rebooking of cancelled rupee-linked foreign exchange derivative contracts, except for rollovers at maturity. Additionally, the RBI lowered the cap on derivative transactions without an established underlying exposure to $5 million from $100 million across authorized dealers and recognized stock exchanges.\n\nTo further mitigate currency risk, dealers are now required to place cash with the RBI equal to 20% of the rupee equivalent of the notional value of qualifying contracts. This requirement applies to contracts exceeding $2 million used to hedge current-account exposures involving foreign currency purchases against the rupee.",
  "summary": "Mumbai: The rupee gained 91 paise to 95.80 against the US dollar in early trading on October 12 after the Reserve Bank of India announced measures to curb currency volatility and speculative positions. The currency opened at 95.61 before surrendering gains. It had closed Friday at 96.71, recovering from Thursday’s record closing low of 96.88. RBI Opens Dollar Window For Oil Companies The central…",
  "key_points": [
    "Indian rupee rebounds 91 paise to 95.80 against US dollar",
    "RBI implements forex measures to curb volatility and speculative positions",
    "Steps include dollar window for oil companies and stricter derivative rules"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}