RBI sells $14.9 billion to check excess volatility in rupee
Summary
- The Reserve Bank of India (RBI) intervenes in the foreign exchange market to check excess volatility.
- During January-May 2026, the RBI sold $14.9 billion in the foreign exchange market.
- The RBI's intervention is aimed at stabilizing the value of the rupee.
Key Facts
- · RBI intervenes in foreign exchange market to check excess volatility
- · Net sale of $14.9 billion during January-May 2026
- · Intervention aimed at stabilizing the rupee
Why it matters
The RBI's intervention in the foreign exchange market helps to maintain stability in the value of the rupee, which is important for India's trade and economy.
#RBI#foreign exchange#rupee#economy