Data Alert
RBI's net dollar sales in FX market hit 16-month low in Feb
This story was originally published at 20:01 IST on 22 April 2025
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--RBI net sold $1.62 bln in FX mkt Feb vs $11.14 bln sell Jan
--RBI's Feb gross FX purchases $45.03 bln vs $49.15 bln Jan
--RBI's Feb gross FX sales $46.65 bln vs $60.28 bln in Jan
--RBI's net outstanding forward FX sales on Feb 28 $88.75 bln
--CONTEXT: RBI net outstanding forward FX sales Jan 31 were $77.53 bln
--RBI did not net buy or sell in FX futures market in Feb
--RBI's Feb 28 net outstanding FX futures sales were $1.00 bln
--CONTEXT: RBI's Jan 31 net outstanding FX futures sales were $2.68 bln
NEW DELHI – The Reserve Bank of India's net dollar sales in the foreign exchange market fell to a 16-month low of $1.62 billion in February, compared to $11.14 billion in the previous month, according to data released by the central bank Tuesday. On a gross basis, the RBI sold $46.65 billion in the currency market in February, sharply lower than $60.28 billion in January, pointing towards the central bank's loosening grip on the Indian unit. The rupee had fallen to a record low of 87.95 a dollar on Feb. 10.
The central bank bought $45.03 billion in the forex market on a gross basis in February, lower than $49.15 billion in the previous month. The RBI's gross purchases and sales in the foreign exchange futures market were $4.07 billion each in February, bringing the net position to nil. The net sale outstanding position at the end of February was $1 billion, down from $2.68 billion at the end of January.
The central bank's net outstanding forward dollar sales rose further to $88.75 billion in February, up $11.22 billion from the previous month. End
US$1 = INR 85.19
Reported by Pratiksha and Shubham Rana
Edited by Nishant Maher
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