RBI sells $14.9 billion during Jan-May to check excess volatility in rupee
The RBI’s foreign exchange intervention during January-May 2026 amounted to a net sale of $14.9 billion to check excess volatility of the rupee, Parliament was informed on Monday (August 3, 2026). The value of the Indian Rupee (INR) is market-determined, with no target or specific level or band, Minister of State for Finance Pankaj Chaudhary…
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