RBI net sold $7.70 bln in FX market in Aug vs $2.54 bln sold in Jul
This story was originally published at 21:51 IST on 20 October 2025
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--RBI net sold $7.70 bln in FX mkt Aug vs $2.54 bln sell Jul
--RBI's net outstanding forward FX sales Aug-end $53.36 bln
--CONTEXT: RBI net outstanding fwd FX sales were $57.85 bln Jul-end
--RBI did not buy or sell in FX futures market in Aug
MUMBAI – The Reserve Bank of India sold $7.70 billion worth of dollars on a net basis in the foreign exchange market in August, against $2.54 billion sold in July, according to data released by the central bank Monday. In August last year, the RBI had sold dollars worth $6.49 billion on a net basis.
On a gross basis, the central bank did not buy dollars in August and July. The central bank says it buys and sells dollars in the foreign exchange market to curb excess volatility. So far this financial year, the rupee has depreciated 3.5% against the dollar, in contrast to the appreciation seen in several other emerging market currencies.
The RBI did not buy or sell in the foreign exchange futures market in August. The central bank's net position in the currency futures market was nil in July, the same as in June. The RBI's net sales position in the futures segment was $450 million, marking its first activity after a sustained nil position since the beginning of the financial year.
The RBI's net outstanding forward dollar sales declined for the fourth straight month in August, falling to $53.36 billion from $57.85 billion in July. End
US$1 = INR 87.93
Reported by Kabir Sharma
Edited by Subhojit Sarkar
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