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The Economic Times

RBI sells USD 14.9 bn during Jan-May to check excess volatility in rupee

RBI Pankaj Chaudhary the Reserve Bank of India Gold

The RBI's foreign exchange intervention during January-May 2026 amounted to a net sale of USD 14.9 billion to check excess volatility of the rupee, Parliament was informed on Monday.

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 said in a written reply in the Lok Sabha.

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