Reserve Bank of India Governor Sanjay Malhotra emphasized that the recent regulatory measures to manage volatility in the foreign exchange market, such as capping banks' net open positions at $100 million, are temporary and aligned with existing market conditions. These measures, which came into effect on March 27, were implemented after the rupee declined over 4% in March due to geopolitical tensions. Since the measures were enacted, the rupee has appreciated by 2.4%. Malhotra reassured that the RBI is committed to the long-term development and internationalization of the rupee, stating that these actions do not signal a structural shift in policy. The central bank's deputy governor, T Rabi Sankar, noted that these measures have not hindered foreign investors from hedging in domestic markets. Additionally, the yield on the benchmark 10-year government bond fell sharply, settling at 6.90%, influenced by a nearly 14% drop in Brent crude oil prices to $94.10 per barrel. This decline in yields reflects a return of investors to the market as geopolitical tensions ease.