# India central bank's daily $1 billion FX defence struggles to turn rupee tide, bankers say | MarketScreener

> The RBI has been selling about $1 billion a day in the currency market through state-run banks, according to bankers. The rupee is on a nine-day slide and nearing 97 per dollar, with high oil prices and rising US Treasury yields weighing on it.

- Date: 2026-05-20 · published 2026-05-20T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/19557-india-central-bank-s-daily-1-billion-fx-defence-struggles-to-turn-rupee-tide
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Heavy daily intervention is slowing but not halting rupee losses, which keeps India's import costs elevated. The rupee's drop, which makes it Asia's worst-performing currency this year, supports the case for continued currency-driven pressure on Indian buyers.

## Read by commodity

- USDINR: bullish ▲

## Sources

- marketscreener.com: https://www.marketscreener.com/news/india-central-bank-s-daily-1-billion-fx-defence-struggles-to-turn-rupee-tide-bankers-say-ce7f5ad8d089f223

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