RBI turns net buyer of dollars in Jan

MUMBAI: Reserve Bank of India turned a net buyer of dollars in Jan, with net purchases of $2.5 billion, marking a sharp reversal from its heavy intervention as a seller in the previous month, according to the RBI Bulletin March 2026.Gross dollar sales declined to $25.5 billion in Jan from $28.4 billion in Dec, while purchases rose to $28 billion from $18.3 billion over the same period. This resulted in a net purchase position of $2.5 billion in Jan, compared with net sales of $10 billion in Dec, indicating a swing of over $12 billion in intervention stance. In the derivatives segment, activity remained more balanced. The RBI sold $2.6 billion in currency futures during Jan, slightly higher than $2 billion in Dec.