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RBI sold net $3.6 bn in spot forex market in April: Monthly bulletin
Update / Judgement Date
18 Jun 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Banking
In April, the Reserve Bank of India (RBI) sold $3.65 billion on a net basis in the spot foreign exchange market, as per its monthly bulletin. The RBI bought nearly $8 billion and sold $11.6 billion during the month. It also reported net outstanding forward sales of $16.3 billion by end-April, aimed at managing exchange rate volatility of the Indian rupee.
