RBI’s $100 million forex cap: Will banks really lose Rs 4,000 crore? Experts weigh in
RBI's tightening of forex rules has sparked worries among market players, who fear the impact on bank stocks and potential losses. Uday Kotak cautions about unconventional policy actions amidst rising crude prices and a weakening rupee due to the Middle East conflict. But Samir Arora believes the rupee has already depreciated and banks may have benefited from these positions.