India's RBI has spent half of $140 billion FX capital haul in rupee defence, bankers estimate
CNBC-TV18 1 hr ago·15 Oct 2026, 10:18 am
The Reserve Bank of India (RBI) is actively defending the Indian rupee against sharp depreciation. Bankers estimate the central bank has used approximately half of its $140 billion foreign exchange reserves to intervene in the market. This massive intervention is primarily aimed at stabilizing the currency against the US dollar amidst rising global oil prices and significant capital outflows from domestic markets.
For investors, this move signals the RBI's strong commitment to maintaining financial stability. While the heavy spending of reserves is a temporary measure to curb volatility, it raises questions about the long-term sustainability of such large-scale interventions. The central bank's ability to manage liquidity and inflation will be closely watched as it continues to support the rupee.
Excerpt from CNBC-TV18
Published On Oct 15, 2026 | 15:48 IST Last Updated On Oct 15, 2026 | 15:48 IST Bankers estimate the RBI has spent half of its $140 billion FX capital haul to defend the rupee through spot dollar sales and swaps, driven by high oil prices, US yields, and equity outflows. India has used up about half of the more than…Read the original at CNBC-TV18
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- Concerns Bank of India (BANKINDIA).
- Category: Corporate Action.
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