India's central bank sold $7 billion on Friday to stabilize the rupee as it approached a record low, driven by surging crude prices affecting Asian oil importers.
This was one of its biggest direct interventions in months
Jul 30, 2026
05:09 pm
What's the storyThe Reserve Bank of India (RBI) sold around $7 billion last Friday in a bid to defend the Indian rupee.
This was one of its biggest direct interventions in months, according to Bloomberg.
RBI intervened by selling $7 billion to stabilize the rupee, nearing its record low amid rising crude prices.
India's central bank sold approximately $7 billion to defend the rupee. The Reserve Bank of India intervened across markets as…
India's central bank intervened in forex markets, selling dollars offshore and onshore, as the rupee approached a record low amid…
The Reserve Bank of India sold $6.1 billion in foreign exchange during May. This intervention occurred as oil prices surged,…
Reserve Bank of India sold $7 billion in forex markets to defend the rupee near record lows of 97 against the dollar, raising…
The Reserve Bank of India (RBI) sold an estimated $2 billion to $3 billion on Thursday to defend the rupee against sustained…
