SignalIndia
RBI’s forward dollar sales surge to record $200 billion in August
RBI's record $43 billion August net forex buys, balanced with swaps, signal major intervention.
Context
What happened: The Reserve Bank of India recorded a net purchase of $43.26 billion in August's foreign exchange market to manage dollar inflows from the FCNR(B) scheme and overseas borrowings.
Key numbers: Net purchase of $43.26 billion in August. Measures attracted over $127 billion by August 31.
Why it matters: Foreign exchange reserves did not increase despite the net purchase because of large forex sell/buy swaps.
What changed
The Reserve Bank of India recorded a net purchase of $43.26 billion in August's foreign exchange market to manage dollar inflows from the FCNR(B) scheme and overseas borrowings.
Why it matters
Foreign exchange reserves did not increase despite the net purchase because of large forex sell/buy swaps.
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Oct 24, 2026 04:16 AM ET