RBI foreign‑exchange intervention – April 2026
The Reserve Bank of India (RBI) reported a net sale of $8.94 billion in the foreign‑exchange market during April 2026, aimed at supporting the Indian rupee, which had slipped to a record low of 96.96 per U.S. dollar amid heightened oil prices and rising global bond yields. Over the same month the RBI purchased $16.23 billion of foreign currency and sold $25.17 billion, resulting in the net outflow mentioned above. In March 2026 the central bank had recorded a net sale of $9.8 billion.
Forward‑contract exposure also narrowed, with net outstanding forward dollar sales standing at $95.30 billion at the end of April, down from $103.06 billion at the end of March.
The RBI’s gold reserves remained unchanged at 880.52 metric tonnes, but the market value of the holdings fell to $112.6 billion in April, compared with $120.23 billion in late April, reflecting lower gold prices.
These figures were disclosed in the RBI’s monthly bulletin released on 22 June 2026.