ForexMedium•24 October 2026•
1 min read
RBI Records All-Time High Net Forex Purchases of $43 Billion in August
Key Facts
1The RBI's net foreign exchange purchases reached a record $43 billion in August.
2The central bank balanced purchases with swaps, pushing its net forward dollar sales position to $200.06 billion.
The Reserve Bank of India's net foreign exchange purchases reached a record $43 billion in August. The Economic Times reported that the central bank balanced these purchases with swaps, pushing its net forward dollar sales position to $200.06 billion.
The surge follows measures introduced in June to attract foreign currency through NRI deposits and overseas borrowings, requiring the RBI to absorb excess inflows to prevent Rupee volatility. Regarding recent economic indicators, the Services PMI for India was reported at 56.2 on October 23, 2026, exceeding market forecasts.