# The Reserve Bank of India’s April 10 deadline for capping banks’ end-of-day net open position (NOP) in the rupee.

*business · news · 2026-04-10 · The New Indian Express*

## Key points

- RBI's $100 million NOP cap deadline led banks to unwind 80–95% of $40 billion positions.
- Private sector and foreign banks had open rupee exposures far exceeding regulatory limits before RBI action.
- RBI's ban on rebooking cancelled trades triggered the rupee's strongest single-day rally since 2013.
- With most NOP unwound, experts predict increased rupee volatility as supportive dollar flows diminish.

**Companies:** Jefferies, CR Forex Advisors, Nuvama
**Countries:** India

[Read the full story on The New Indian Express](https://www.newindianexpress.com/business/2026/Apr/10/more-rupee-volatility-ahead-as-rbi-ordered-dollar-supply-ends)

---

Canonical: https://newsio.io/n/26469bb9-67c6-442d-a932-9d3c65c3d426/the-reserve-bank-of-indias-april-10-deadline-for-capping-banks-end-of-day-net-op
Summarized by Newsio from The New Indian Express. https://newsio.io/how-it-works