FX & Currency #rbi#forex
RBI Sold Nearly $9 Billion in Forex Spot Market in April Amid Rupee Pressure
The Reserve Bank of India (RBI) sold nearly $9 billion in the foreign exchange spot market in April to stem rupee depreciation, according to the Times of India. The intervention signals the central bank's active stance in managing currency volatility, with direct implications for corporate treasuries managing FX exposure and trade finance costs.
Jun 22, 2026 1 source