Reserve Bank of India's Net Dollar Purchases Hit Record $43.3 Billion in August 2026

The Reserve Bank of India bought a net $43.264 billion in the foreign-exchange market in August 2026, more than double July's total and a reversal from net sales a year earlier. The surge was driven largely by inflows from a concessional scheme targeting non-resident deposits and overseas borrowing, even as the RBI built a record forward dollar-sales position to manage liquidity and rupee volatility.