Finance
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Believe ItRBI's Epic Comeback: $2.52 Billion Dollar Buy, Believe It!
Believe it! The Reserve Bank of India just made a bold move, snatching up $2.52 billion in dollars this January after a long eight-month wait! They bought $27.99 billion and sold $25.47 billion, showing that even when the going gets tough, they keep pushing forward! The dollar game is changing, and the RBI is ready to tackle it head-on!
few days ago | Anjali Kumari
Quick rundown
1.RBI became a net buyer of US dollars in January 2026.
2.The central bank's first net purchase in eight months.
3.Shift towards longer-tenor contracts eases near-term pressures.
4.REER of Indian Rupee was 94.05 in February.
5.Higher swap costs may offset benefits during volatility.
