RBI remained a net seller in the forex market in May 2026MUMBAI: RBI remained a net seller in the forex market in May 2026, though the pace of intervention eased, with net dollar sales at $6.1 billion compared to $8.9 billion in April, even as the stance contrasted with a net purchase of $1.8 billion in May 2025.Forward operations mirrored this trend, with outstanding net forward sales widening to $106.7 billion at end-May from $95.3 billion in April and $65.2 billion a year earlier, indicating a continued build-up in forward liabilities alongside spot market intervention. Gross purchases in May increased to $22.2 billion in May from $16.2 billion in April and $9.1 billion a year earlier, while gross sales rose to $28.3 billion from $25.2 billion in April and $7.4 billion in May 2025. The narrower net sale alongside higher gross flows suggests more two-way intervention by RBI to manage volatility, while continuing to supply dollars to the market.Cumulative net sales since end-March stood at $15 billion, compared to a net purchase of $0.1 billion in the same period last year, pointing to pressure on the rupee. Net inflows into NRI accounts slowed in the first two months of FY27, with total inflows at $1.3 billion in April-May, down 29.5% from $1.9 billion a year earlier.