RBI net buys $8.52 billion of US dollar in first half of FY25: Bulletin

The Reserve Bank of India (RBI) net purchased $8.52 billion of US dollars in the first half of FY25, according to the central bank’s bulletin. This move is part of the RBI’s strategy to manage liquidity and stabilize the rupee. The net purchase indicates the central bank’s efforts to build foreign exchange reserves and mitigate volatility in the currency market. The RBI’s intervention in the forex market aims to ensure adequate liquidity and support the stability of the Indian financial system. The central bank’s actions are also aligned with its broader monetary policy objectives, including controlling inflation and supporting economic growth. The increase in foreign exchange reserves provides a buffer against external shocks and enhances the country’s financial stability. The RBI’s proactive approach to managing the currency market reflects its commitment to maintaining a stable and resilient financial system.