In April, the Reserve Bank of India (RBI) sells $8.944 billion in the spot foreign exchange market, according to multiple reports, as the Indian rupee remains under pressure. The RBI’s intervention is described as part of broader efforts to bolster the currency during a period when geopolitical tensions persist and foreign portfolio outflows continue. One report notes that the RBI’s action in April follows similar intervention in March, indicating a sustained approach to managing volatility in the currency market. The same coverage also attributes the rupee’s pressure to external factors, including global uncertainty linked to geopolitical developments and investor positioning that keeps demand for foreign currency elevated. Another report adds that the rupee remains pressured not only in April but also into May. By June, the rupee is described as showing signs of recovery, supported by policy measures and easing concerns, though the reports indicate that the April intervention reflects the RBI’s response to prevailing conditions in the forex market. Overall, the sources agree on the amount sold and the general drivers cited for rupee weakness.