18 Oct 2026IndiaBusiness & marketsAI-written from sources
RBI reportedly spent half of $140B FX capital haul defending rupee, bankers say
What happened
According to a Reuters report, bankers estimate that the Reserve Bank of India has spent about half of a $140 billion foreign-exchange capital haul in defending the rupee.
When it started
The topic started trending on 15 October 2026. The exact period over which the spending occurred is not specified in the information provided.
How it spread
The figures are bankers' estimates as cited in the Reuters headline, not official RBI data. The available material does not say how or where the funds were deployed.
Why it matters
The rupee defence is relevant to India's currency stability and the central bank's foreign-exchange reserves. The source material does not detail what pressures prompted the intervention.