RBI records huge net foreign exchange purchases in August to handle heavy dollar inflows

RBI net forex buys hit a record $43 billion in August, balances it with swaps. The Reserve Bank of India recorded a net purchase of $43.26 billion in August's foreign exchange market. This was done to manage significant dollar inflows from the FCNR(B) scheme and overseas borrowings. Despite the net purchase, foreign exchange reserves did not increase due to large forex sell/buy swaps. By August 31, measures attracted over $127 billion, aiding the RBI's operations. Listen to this article in summarized format The RBI's foreign exchange reserves peaked at $785 billion in early September. (What's moving Sensex and Nifty Track latest market news , stock tips , Budget 2025