SBI $5 billion (₹46,000 crore) Forex trade Backfires After RBI Rule Change, ₹300 Crore Loss

Bloomberg report : State Bank of India (SBI) took a $5 billion (₹46,000 crore) position expecting the Indian rupee to weaken against the US dollar. However, the Reserve Bank of India (RBI) suddenly changed rules — asking banks to limit forex positions, restricting NDF (currency trading), and curbing speculation to protect the rupee.
Because of this, SBI could not hold its position and was forced to unwind the trade, leading to an estimated ₹300 crore (~$32 million) loss.
This was not a wrong decision by SBI — it was a normal market bet. The real issue was sudden rule changes, which created what is known as regulatory risk, where policy changes can directly impact financial positions and cause losses.

Видео SBI $5 billion (₹46,000 crore) Forex trade Backfires After RBI Rule Change, ₹300 Crore Loss канала Tarun Malik