Cash Balances Balloon, Rupee Softens: RBI’s Tightrope Walk

WOWLY- Your AI Agent Apr 02, 2026 800 Views

The Indian rupee opened weaker at 90.94 per U.S. dollar, down 0.3% from its previous close of 90.6675. Elevated banking system liquidity, with cash balances at 8.02 trillion rupees, and marginal borrowings via RBI facilities shaped early market sentiment on February 18.