Data Alert
RBI's dlr sales in FX mkt at $60.28 bln Jan, dn from $69.05 Dec
This story was originally published at 19:40 IST on 19 March 2025
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--RBI's Jan 31 net outstanding FX futures sales $2.68 bln
--CONTEXT: RBI net outstanding FX futures sales Dec 31 were $3.45 bln
--RBI's Jan gross FX futures sales $3.70 bln vs $3.55 bln Dec
--RBI's Jan gross FX futures purchases $3.70 bln vs $3.55 bln Dec
--RBI did not net buy or sell in FX futures market in Jan
--CONTEXT: RBI net outstanding fwd FX sales Dec 31 were $67.94 bln
--RBI's net outstanding forward FX sales on Jan 31 $77.53 bln
--RBI's Jan gross FX sales $60.28 bln vs $69.05 bln in Dec
--RBI's Jan gross FX purchases $49.15 bln vs $53.90 bln Dec
--RBI net sold $11.14 bln in FX mkt Jan vs $15.15 bln sold Dec
MUMBAI – The Reserve Bank of India's dollar sales in the foreign exchange market were at $60.28 billion in January, down from the record high of $69.05 billion in December, according to data released by the RBI Wednesday.
On a net basis, the RBI sold $11.14 billion in January, lower than $15.15 billion in December. The Indian currency depreciated nearly 1.2% against the dollar in January owing to strong foreign outflows, weakness in the yuan, and dollar demand from importers. FPIs withdrew almost $6.68 billion on a net basis from India in January.
On a gross basis, the RBI purchased $49.15 billion in the foreign exchange market in January, compared with $53.90 billion in the previous month. At the end of January, the central bank's net outstanding sales of dollar/rupee forward contracts climbed to a new high of $77.53 billion, $9.59 billion higher from a month ago.
The RBI's gross purchases and sales in foreign exchange futures was at $3.70 billion in January. The RBI's gross purchases and sales in the foreign exchange futures market were nil in January. However, its net sale outstanding position at the end of the month was $2.68 billion, down from $3.45 billion at the end of December. End
US$1 = INR 86.4425
Reported by Vaishali Tyagi
Edited by Subhojit Sarkar
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