SBI’s $5 Billion Bet Against Rupee Backfires After RBI Crackdown, Losses Mount

Brief By CNBCTV18 / 10:40 PM on 07 Apr 2026

State Bank of India is set to incur losses of about $32 million after its $5 billion bets against the rupee were hit by regulatory action from the Reserve Bank of India. Despite the setback, officials said the losses remain manageable given SBI’s vast asset base and strong financial position overall.