RBI sold net $2.11 billion in spot market in June

In May, the central bank had bought a net of $4.222 billion in the spot market.

Manish M. Suvarna

August 19, 2024 / 19:24 IST

Reserve Bank of India

The Reserve Bank of India (RBI) sold net $2.107 billion in the spot foreign exchange market in June, according to the central bank’s monthly bulletin.

The central bank, in the bulletin, said that it purchased $15.936 billion and sold $18.043 billion during the period. In May, the central bank had bought a net of $4.222 billion in the spot market.

The RBI bulletin is a monthly publication that offers insights into the developments in domestic and global economies but doesn’t represent the views of the central bank.

Manish M. Suvarna is Senior Correspondent at Moneycontrol. He writes on the Indian money markets, RBI, Banks and NBFCs. He tweets at @manishsuvarna15. Contact: Manish.Suvarna@nw18.com

first published: Aug 19, 2024 06:31 pm

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