Reserve Bank of India bought net $4.50 billion in spot forex market in June | India News
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The RBI purchased $7.79 billion and sold $3.28 billion, the bulletin showed. In May, the central bank had bought a net of $7.37 billion in the spot market.
The Indian rupee appreciated by 0.7% against the dollar in June, having traded in a range of 81.8575 to 82.6800.
The RBI’s net outstanding forward purchase stood at $19.47 billion as of end-June, compared with a net purchase of $19.27 billion at the end of the previous month, the data showed.
The central bank intervenes in the spot and forwards market to curb exchange rate volatility. The rupee closed at a record closing low of 83.1475 to the dollar on Thursday.

Atul Tiwari is a seasoned journalist at Mumbai Times, specializing in city news, culture, and human-interest stories. With a knack for uncovering compelling narratives, Atul brings Mumbai’s vibrant spirit to life through his writing.