The Reserve Bank of India (RBI) sold approximately $7 billion in a single trading session in August 2026 to arrest the Rupee's slide — one of the largest single-day forex interventions in India's history. The Rupee's depreciation was driven by: global risk-off sentiment, US Federal Reserve's tight monetary policy, elevated crude oil prices (West Asia tensions), and net FPI equity outflows. India's foreign exchange reserves stood at approximately $670 billion in August 2026 — the world's fourth-largest. The RBI typically intervenes in forex markets to prevent excessive volatility, not to target a specific Rupee level.
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RBI Sells ~$7 Billion in Single Session to Arrest Rupee Depreciation — One of Largest Single-Day Forex Interventions
Key Points
- The Reserve Bank of India (RBI) sold approximately $7 billion in a single trading session in August 2026 to arrest the Rupee's slide — one of the largest single-day forex interventions in India's history
- The Rupee's depreciation was driven by: global risk-off sentiment, US Federal Reserve's tight monetary policy, elevated crude oil prices (West Asia tensions), and net FPI equity outflows
- India's foreign exchange reserves stood at approximately $670 billion in August 2026 — the world's fourth-largest
- The RBI typically intervenes in forex markets to prevent excessive volatility, not to target a specific Rupee level
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• RBI forex intervention: ~$7 billion sold in single session to arrest Rupee slide (August 2026) • India forex reserves: ~$670 billion (August 2026); world's 4th largest (after China, Japan, Switzerland) • Rupee depreciation factors: US Fed tight policy + crude oil + FPI outflows + global risk-off • RBI forex policy: prevent excessive volatility; not targeting a specific exchange rate level
