RBI sells $14.9 billion during Jan-May to check excess volatility in rupee
The Reserve Bank of India (RBI) sold $14.9 billion in the foreign exchange market from January to May 2026 to mitigate excessive volatility in the rupee. This intervention reflects the RBI's ongoing strategy to stabilize the currency amid fluctuating market conditions. The data was confirmed by Minister of State for Finance Pankaj Chaudhary, highlighting the central bank's active role in managing currency stability.