The Hindu·4 min read·medium
RBI sells $14.9 billion during Jan-May to check excess volatility in rupee
P
PTI
✦AI Summary
The Reserve Bank of India sold $14.9 billion in foreign exchange between January and May 2026 to stabilize the rupee. The government also reported that public sector banks are actively pursuing recovery from over 15,000 wilful defaulters.
The RBI's foreign exchange intervention during January-May 2026 amounted to a net sale of $14.9 billion to check excess volatility of the rupee, Parliament was informed on Monday (August 3, 2026).
economypolitics
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