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RBI Net Sold $43 Billion in Second Half of FY25
Business Standard
|May 23, 2025
The RBI had net sold the highest amount of $20 billion in November 2024.
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The rupee depreciated by 2.4 percent in FY25.
In response to the panic triggered by Trump's trade policies, the RBI net sold approximately $43 billion in the second half of FY25 to curb volatility, as the rupee plunged to a low of 87.95 per dollar in February this year.
India's foreign exchange reserves also fell from $705 billion in the last week of September 2024 to below $625 billion in January 2025.
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