Mumbai, March 23 The Reserve Bank of India (RBI) purchased a net of USD 2.526 billion of foreign exchange from the spot currency market in January, according to the central bank's monthly bulletin released on Monday.
The central bank's purchase of US dollars came in January, following seven consecutive months of net dollar sales.
The last time, the central bank bought USD 1.764 billion worth of dollars from the spot currency market in May 2025.
Data from the RBI's monthly bulletin showed that the central bank net sold USD 10.02 billion in December, USD 9.710 billion in November, USD 11.877 billion in October, USD 7.910 billion in September, USD 7.695 billion in August, USD 2.540 billion in July, and USD 3.661 billion in June.
On a gross basis, the central bank purchased USD 27.999 billion in January and sold USD 25.473 billion, according to the latest bulletin.
The rupee appreciated against the US dollar in the first week of February, amid foreign portfolio inflows and the announcement of the interim India-US trade deal, and remained broadly stable thereafter.
So far in March (up to March 20), the rupee came under renewed depreciation pressures due to elevated global market volatility caused by the conflict in West Asia.
