The Reserve Bank of India (RBI) was a net seller of $6 billion in the spot foreign exchange market in May as it intervened to curb volatility amid a surge in crude oil prices. The rupee depreciated a marginal 0.1 per cent during the month.
In April, the central bank had been a net seller of $8.95 billion.
According to the latest data released on Wednesday, the RBI sold $22.2 billion and bought $16.2 billion in the spot foreign exchange market in May.
The RBI was a net seller of $53.13 billion in the spot foreign exchange market in FY26, the highest net dollar sale by the central bank in any financial year. In FY25, the central bank had been a net seller of $34.51 billion.
The outstanding net short dollar position in the forward market increased to $106.7 billion at the end of May from $95.3 billion at the end of April.
First Published: Jul 22 2026 | 9:14 PM IST