Banks say quickly unwinding their big positions could mean serious financial losses, especially with these changes hitting offshore trades where dollars are bought in India and sold abroad.
Since late February, the rupee has already dropped over 4% thanks to high oil prices and global tensions.
Market experts think the rupee will likely trade between 92.50 and 92.80 per dollar soon, so everyone's watching closely as this fiscal year wraps up Monday, with markets closed March 31.