After the Reserve Bank of India restricted net foreign exchange exposure, the Indian Rupee strengthened against the US Dollar.

After the Reserve Bank of India imposed restrictions on net foreign exchange exposure involving the Indian Rupee, the Indian Rupee strengthened significantly against the US Dollar in Monday's trading. The Reserve Bank of India said on Friday that traders should ensure that their net Rupee exposure in the onshore deliverable market remains within $100 million at the end of each business day. The Reserve Bank of India added that traders should adhere to this new guideline as soon as possible, but no later than April 10. Data from the London Stock Exchange Group shows that the US Dollar fell by 1.6% to 93.2520 Rupees.