RBI turn net purchaser in spot market in March after 6 months

Reserve Bank of India

The Reserve Bank of India (RBI) purchased net $14.36 billion worth of foreign exchange in the spot market in March, according to the central bank's monthly Bulletin shared on May 21. This purchase came after six months of selling of dollar by the RBI.

The central bank's bulletin said that RBI purchased $41.52 billion and sold $27.16 billion of foreign exchange during the period.

In February, the central bank had sold a net of $1.62 billion in the spot market.
The RBI Bulletin is a monthly publication that offers insights into the developments in domestic and global economies but doesn't represent the views of the central bank.

In financial year 2024-25, the central bank net sold $69.661 billion, and purchased $25.15 billion.

The Indian rupee (INR) appreciated by 1.3 per cent (m-o-m) in April 2025 and remained one of the least volatile major currencies globally, RBI bulletin said.

The spillovers of trade policy uncertainty are already getting manifested in greater volatility in currency markets, with export-oriented economies being highly vulnerable as witnessed in the case of the New Taiwan dollar (TWD).

The TWD recorded an intraday surge of more than 5 per cent on May 5, 2025 – the biggest in over three decades.