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RBI sold $6.1 billion in May, down from $8.9 billion in April
MUMBAI: 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.
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newsbytesapp.com
Why RBI has intervened to stabilize Indian rupee
India's central bank intervened in forex markets, selling dollars offshore and onshore, as the rupee approached a record low amid rising crude oil prices.
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m.economictimes.com
RBI likely used dollar deposit surge to cut record FX forward book, economists say
Reserve Bank of India likely used deposit inflows to reduce its forward book. This action helped the central bank manage its near-term dollar obligations effectively. Economists…
