Mumbai, July 23: The Reserve Bank of India (RBI) was the net seller of $6 billion in the spot foreign exchange market in May to contain volatility of Rupee which depreciated by 0.1 per cent during the month.
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In April, the central bank had been a net seller of $8.95 billion, according to the latest data released by the RBI.
The RBI sold $22.2 billion and bought $16.2 billion in the spot foreign exchange market in May.
The RBI was a net seller of $53.13 billion in the spot foreign exchange market in FY26, the highest net dollar sale by the central bank in any financial year.
In FY25, the central bank had been a net seller of $34.51 billion.
The outstanding net short dollar position in the forward market increased to $106.7 billion at the end of May from $95.3 billion at the end of April. (BVI)
