Reserve Bank of India records $43.26 billion net forex purchase in August, offsetting impact with swaps

Exam-focused facts from the 24 October 2026 current affairs briefing.

Key facts

The Reserve Bank of India recorded a record net purchase of $43.26 billion in the spot foreign exchange market during August.
Foreign exchange reserves did not increase due to the central bank simultaneously undertaking large foreign exchange sell/buy swaps.
Measures introduced by the RBI in June attracted more than $127 billion in foreign currency by the August 31 deadline.
The RBI's net forward dollar sales position reached a record $200.06 billion by the end of August, up from $136.77 billion a month earlier.
The RBI's foreign exchange reserves peaked at $785 billion in early September.