The Reserve Bank of India (RBI) is dedicated to creating a single global market for the dollar-rupee and advancing the internationalisation of the rupee, according to Deputy Governor T Rabi Sankar. He stated that recent restrictions on banks’ non-deliverable forward positions are temporary measures intended to mitigate excessive volatility in the domestic currency. Despite the absence of a timeline for the $100 million cap on net open positions, the RBI's actions have led to a 2% appreciation of the rupee between March 27 and April 20. The RBI has also relaxed some limitations on banks' rupee derivatives, allowing certain transactions while maintaining a cap on foreign-exchange derivative dealings with related parties. Additionally, the RBI is exploring measures to tackle the rising issue of digital payment fraud, proposing a one-hour delay for transactions exceeding ₹10,000. This proposal comes as digital fraud cases have surged by 41 times over the past five years, with transactions above ₹10,000 accounting for 45% of fraud cases by volume and 98.5% by value. The RBI is seeking public feedback on these ideas before implementing any policies.