JOURNAL ARTICLE

RBI net purchases $7.409 billion of forex from spot currency market in February.

  • Published In: Project Reporters, 2026. P. N.PAG 1 of 2

  • Database: Business Source Ultimate 2 of 2

Abstract

The article focuses on the Reserve Bank of India's (RBI) foreign exchange market interventions in early 2026. In February, the RBI net purchased $7.409 billion of foreign currency, marking the second consecutive month of net dollar buying after seven months of net sales. The rupee's value fluctuated due to an interim India-US trade deal announcement and geopolitical tensions in West Asia. To stabilize the currency market and limit speculation, the RBI implemented a prudential measure on March 27, 2026, restricting the net open position in Indian rupees (NOP-INR) for authorized dealers to $100 million daily. [Extracted from the article]

Additional Information

  • Source:Project Reporters. 2026/04, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • Accession Number:193258452
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