India’s Central Bank Sold $7 Billion in a Day to Stop the Rupee’s Slide

The Reserve Bank of India (RBI) sold about $7 billion last Friday to defend the rupee, Bloomberg reported, citing people familiar with the matter. The rupee traded at 95.6 per dollar on Thursday, about 1.4% from its record low. The currency has fallen 5.87% against the dollar in 2026. Inside the Largest RBI Rupee Intervention