India cenbank sold $6.49 billion in spot forex market in August, bulletin shows

By Yahoo! Finance | Oct 21, 2024 at 08:28 AM EST

In August, the Reserve Bank of India sold $6.49 billion in the spot foreign exchange market, following a net purchase of $6.93 billion in July. The RBI intervened to manage exchange rate volatility, with the rupee weakening slightly amidst Asian currency gains.

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