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The Reserve Bank of India sold a net $9.76 billion of dollars in March, reversing two months of net purchases as the Iran war weakened the rupee. The rupee fell 4% that month, its steepest monthly drop in over six years, and the RBI's net outstanding forward dollar sales rose to $103.06 billion.
Large central bank dollar sales show the scale of intervention needed to defend the rupee against energy-driven outflows. Continued intervention can cushion but not prevent further currency weakness that raises Indian import costs.
uk.marketscreener.comReutersMay 22, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
