Certain lenders have reportedly been instructed by the Reserve Bank of India (RBI) to decrease speculative positions against the Indian rupee. This represents a change in the central bank's approach, as it has previously prohibited banks from increasing long positions on the dollar-rupee but has not required reductions in recent years.

It is believed that this directive is aimed at stabilizing the currency in the face of ongoing market volatility. The RBI's intervention demonstrates its commitment to managing currency fluctuations and maintaining a balanced foreign exchange market.