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Banks ask RBI for 3 months to comply with foreign exchange position caps, sources say

MUMBAI, March 29 (Reuters) – Lenders have urged the RBI to grant three months for compliance with new foreign exchange ​position limits, noting that a quick implementation could trigger disorderly unwinding ‌of positions and potential losses, six bankers told Reuters. The Reserve Bank of India said after the market close on Friday that banks must ensure that by April 10 their ​net open rupee positions in the onshore deliverable market do not ​exceed $100 million at the end of each business day. The decision ⁠to impose limits on onshore positions comes against a backdrop of mounting ​pressure on the rupee,

Anti-Trump ‘No Kings’ rallies pop up in thousands of US cities

ST. PAUL, Minnesota/DALLAS/LOS ANGELES/WASHINGTON/NEW YORK, March 28 (Reuters) – Demonstrators decrying U.S. President Donald Trump’s aggressive deportation efforts, war in Iran and other policies took to city streets across the country on Saturday in the third round of the “No Kings” rallies. More than 3,200 events had been planned in ​all 50 states, after the two previous nationwide events attracted millions of participants. Large rallies took place in New York, Dallas, Philadelphia and Washington, but two-thirds of No Kings events were happening outside major cities, ‌a nearly 40% jump for smaller communities from the movement’s first mobilization last June, organizers

‘JD or Marco?’: Iran war raises 2028 stakes as Trump weighs Vance vs. Rubio

WASHINGTON, March 29 (Reuters) – As the war in Iran threatens to imperil President Donald Trump’s legacy, the political stakes also are rising for two of his top lieutenants: Vice President JD Vance and Secretary of State Marco Rubio. The pair, widely viewed as potential successors to Trump, have been thrust into still-developing negotiations to end the ​war at a moment when the Republican Party is already weighing its post-Trump future. Vance has taken a cautious approach, reflecting his skepticism toward prolonged U.S. military involvement, while Rubio has aligned himself closely with Trump’s hawkish stance and emerged as one ‌of

Iran warns US over ground attack as regional powers meet in Pakistan

ISLAMABAD/DUBAI, March 29 (Reuters) – Iran said it was ready to respond to a U.S. ground attack, accusing Washington on Sunday of preparing a land assault ​even as it sought negotiations and as regional powers held talks in Pakistan to try to end the fighting. The foreign ministers of Pakistan, Saudi Arabia, Turkey and Egypt were set to meet in Islamabad ‌to discuss ways to halt the month-long U.S.-Israeli war on Iran, which has killed thousands of people and caused the biggest-ever disruption to global energy supplies. The Reuters Iran Briefing newsletter keeps you informed with the latest developments and

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