# RBI sells $8.94 billion in forex market to defend rupee in April - The HinduBusinessLine

> The RBI sold a net $8.94 billion in the spot forex market in April to defend the rupee, which had hit a record low of 96.96 per dollar. Its monthly bulletin also showed gold holdings unchanged at 880.52 tonnes.

- Date: 2026-06-22 · published 2026-06-22T12:00:00.000Z
- Category: report · region India · magnitude low
- Page: https://feedsoft.ai/events/19089-rbi-sells-8-94-billion-in-forex-market-to-defend-rupee-in-april-the
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Central bank dollar sales limit rupee depreciation, which moderates the local-currency cost of dollar-priced feed and grain imports.

## Read by commodity

- USDINR: bearish ▼

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/rbi-intervenes-with-894-billion-forex-sales-as-rupee-weakens-gold-holdings-unchanged/article71133419.ece

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.