RBI sold $6 billion in May

The Reserve Bank of India (RBI) sold $6 billion in the foreign exchange market in May to help keep the market stable.

This is because the price of oil was going up, which can make the market unstable.

The RBI also sold a lot more dollars in May than it bought.

In fact, it sold the most dollars in any financial year in FY26.

The rupee, which is India's money, got a little weaker because of this.

The RBI also had a big short position in the forward market, which means it owes a lot of dollars in the future.