The Reserve Bank of India sold $9.76 billion in forex in March 2026 as the rupee dropped 4%, its steepest monthly fall since 2019, amid the US-Iran conflict.

RBI intervenes as the rupee hits a record low, pressured by high oil prices and significant foreign investor withdrawals.

The Reserve Bank of India is considering interest rate hikes and currency swaps to stabilize the rupee after it hit an all-time low of 91.7425 against the dollar.

Rupee has remained under pressure since the Middle East conflict erupted in late February, falling nearly 6% and hitting multiple record lows against the US dollar. The currency…

The resumption of dollar sale by the RBI, comes around the time when the rupee opened at 96.30 in the onshore spot market.

The Reserve Bank of India (RBI) sold an estimated $2 billion to $3 billion on Thursday to defend the rupee against sustained pressure, and stepped in again on Friday, helping the…

The Indian rupee strengthened to close above 96 per dollar for the first time in a week, following aggressive interventions by the Reserve Bank of India. The central bank sold…

The Reserve Bank of India sold $9.8 billion in March 2026 as the rupee dropped 4%, its steepest monthly decline since 2019, amid Iran conflict disruptions.

The Reserve Bank of India sold $9.76 billion in forex in March 2026 as the rupee dropped 4%, its steepest monthly fall since 2019, amid the US-Iran conflict.

India's foreign exchange reserves fell by $8.094 billion to $688.894 billion for the week ending May 15, following a $6.295 billion rise the previous week.