Data Alert
RBI net bought $1.76 bln in FX mkt in May vs $1.66 bln sold Apr
This story was originally published at 17:40 IST on 23 July 2025
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--RBI net bought $1.76 bln in FX mkt May vs $1.66 bln sold Apr
--RBI's May gross FX purchases $9.12 bln vs $10.11 bln Apr
--RBI's May gross FX sales $7.36 bln vs $11.77 bln in Apr
--RBI's net outstanding forward FX sales in May $65.22 bln
--CONTEXT: RBI net outstanding fwd FX sales Apr were $72.58 bln
--RBI did not buy or sell in FX futures market in May
--RBI's net outstanding FX futures position nil as of May 31
--CONTEXT: RBI's Apr 30 net outstanding FX futures position was nil
NEW DELHI – The Reserve Bank of India bought dollars on a net basis in the foreign exchange market for only the second time in eight months in May, according to data released Wednesday by the central bank. On a net basis, the RBI bought $1.76 billion against net sales of $1.66 billion a month ago.
The last time the RBI bought dollars on a net basis was in March, when it bought $14.36 billion, which was a near four-year high. The RBI bought $9.12 billion on a gross basis in May, slightly lower than the $10.11 billion purchased in April. The central bank's gross sales in May were $7.36 billion against $11.77 billion in the previous month.
The central bank says it buys and sells dollars in the foreign exchange market to curb excess volatility.
In May, the Indian currency depreciated 1.3% against the dollar. The RBI's gross purchases and sales in the foreign exchange futures market in May were nil, thus, bringing the net position to nil as well. The central bank's net position in the currency futures market was nil in the previous month as well. The RBI's net outstanding position in the futures segment at the end of May was also nil, unchanged from end April.
The central bank's net outstanding forward dollar sales fell to $65.22 billion in May, against $72.58 billion in the previous month. End
US$1 = INR 86.41
Reported by Shubham Rana and Pratiksha
Edited by Vandana Hingorani
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