BL Editorial on exchange rate [1] Indian unit was already a worst performing Asian currency in 2025 [2] depreciation of over 8% over the past 8 months [3] Real effective exchange rate was at its lowest level in 12 years this February [4] RBI’s move to limit net open positions in rupee derivatives held by banks in the onshore market to just $100 million– had its effect [5] Now — the RBI must reverse the directive once the currency stabilises — Courtesy BusinessLine