Reserve Bank of India sells $9.8B in March as rupee suffers steepest monthly drop since 2019
The Reserve Bank of India sold $9.8 billion in foreign exchange reserves in March, marking a significant shift from previous months. This sale was prompted by the rupee's steep decline of approximately 4%, the worst monthly drop since 2019, largely due to rising energy costs linked to the US-Iran conflict. The RBI's actions reflect a broader trend of increased dollar selling, with total net sales for the fiscal year reaching the highest level since the global financial crisis.
- ▪The RBI recorded net foreign exchange sales of $9.76 billion in March.
- ▪The rupee fell approximately 4% during March, its steepest monthly decline since 2019.
- ▪For the full fiscal year 2025, the RBI recorded total net sales of $34.5 billion.
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Reserve Bank of India sells $9.8B in March as rupee suffers steepest monthly drop since 2019 The RBI burned through nearly $10 billion in foreign exchange reserves in a single month, flipping from buyer to seller as the Iran conflict hammered India's currency. Share Add us on Google by Editorial Team May. 22, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); India’s central bank went from accumulating dollars to torching them at a…
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