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RBI Turns Net Buyer, Acquires $2.52 Billion from Spot Forex Market in January
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The Reserve Bank of India (RBI) emerged as a net purchase of foreign exchange in January, acquiring approximately USD 2.52 billion from the spot currency market, as per data released in its latest monthly bulletin. This marks a notable shift in the central bank’s forex operations, as it comes after a continuous phase of seven months during which the RBI had been a net seller of US dollars to manage currency volatility and liquidity conditions.
The latest purchase indicates a possible recalibration in the RBI’s approach towards managing the rupee and maintaining adequate foreign exchange reserves. Prior to this, the last instance of net dollar buying by the central bank was recorded in May 2025, when it had purchased USD 1.764 billion from the spot market. The January intervention suggests improving forex dynamics or a strategic move to strengthen reserve buffers amid evolving global economic conditions.
The latest purchase indicates a possible recalibration in the RBI’s approach towards managing the rupee and maintaining adequate foreign exchange reserves. Prior to this, the last instance of net dollar buying by the central bank was recorded in May 2025, when it had purchased USD 1.764 billion from the spot market. The January intervention suggests improving forex dynamics or a strategic move to strengthen reserve buffers amid evolving global economic conditions.
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