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flag Indian banking stocks fell after RBI limited daily net open rupee positions.

flag Indian banking stocks fell sharply on Monday as the Reserve Bank of India ordered banks to limit daily net open rupee positions to $100 million. flag The move, aimed at stabilizing the currency, triggered a sell-off across the sector, with the Bank Nifty index dropping over 2%. flag Major lenders like Axis Bank and Kotak Mahindra each fell roughly 4%, while analysts predicted the rule could force banks to unwind dollar positions, hurting short-term market sentiment.

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