RBI's net dollar purchases hit record $43.3 billion in August

The Reserve Bank of India's net dollar purchases jumped 132% to a record $43.3 billion in August 2026, driven by inflows through its concessional FCNR(B) swap facility. RBI bought $74.5 billion and sold $31.2 billion during the month. Its outstanding net forward short position crossed $200 billion for the first time, as the central bank also sold dollars to support the rupee.