RBI's March Forex Purchases Hit Four-Year High to Stabilize Rupee

The Reserve Bank of India (RBI) bought a lot of dollars in March to help keep the value of the Indian rupee steady.

This was the largest amount in about four years.

The RBI used special swaps to do this, which added money into the banking system.

This helped the rupee's value stay strong, and the country's reserves of foreign money are high.

These moves help the economy, especially when the RBI wants to lower interest rates.