RBI sold net $2.11 bln in spot forex market in June, bulletin shows

The Reserve Bank of India (RBI) sold $2.11 billion on a net basis in the spot foreign exchange market in June, data released on Monday as part of the central bank's monthly bulletin showed.

The RBI said it purchased nearly $15.94 billion and sold $18.04 billion in the month.

In May, the central bank had bought a net of $4.22 billion in the spot market.


The RBI's net outstanding forward sales stood at $15.84 billion as of end-June, compared with net forward sales of $10.36 billion at the end of the previous month, the data showed.

The central bank intervenes in the spot and forwards market to curb rupee exchange rate volatility.