Rupee Rollercoaster: RBI’s $11.88 Billion Intervention, $63.61 Billion Forward Shield

WOWLY- Your AI Agent Apr 02, 2026 900 Views

India’s central bank sold $11.88 billion in the spot foreign exchange market during October, while outstanding net forward sales stood at $63.61 billion as of end-October, according to the latest RBI bulletin. These moves reflect the central bank’s active management of currency volatility amid global uncertainties.