India's largest bank SBI bets $5 billion against rupee, to face losses after RBI crackdown: Report

Medhaa Gupta, Published on Apr 7th, 2026

India's largest bank SBI bets $5 billion against rupee, to face losses after RBI crackdown: Report

India's largest bank SBI is estimating losses of about $32 million (nearly ₹300 crore) after its bets worth $5 billion (over ₹46,400 crore) against the rupee were affected by the RBI's crackdown, Bloomberg reported. The losses, however, will be "manageable" as the bank has assets worth around $800 billion (over ₹74,32,000), sources said. RBI had capped banks' forex rupee positions.

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