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Digital billboard in India explaining new RBI curbs on dollar rules and foreign exchange measures
Business · 5 min read

India Tightens Dollar Rules to Defend the Rupee: What the RBI's New Curbs Mean

India's central bank announced tougher measures on Saturday, October 10, to protect the rupee, which is trading close to its record low. The Reserve Bank of India (RBI) will supply dollars directly to three state-run oil companies from October 12, so their purchases stay out of the open market, and it has tightened the rules on currency hedging. Analysts say the steps should calm the market, but they are unlikely to remove the pressure on their own.

By Elena Rostova October 12, 2026

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