RBI sold $3.66 billion net in the June forex market; reserves rose to $695.10 billion by mid-August.

• RBI purchased $1.16 billion and sold $4.82 billion in June, reflecting active intervention in currency.
• Net forward sales stood at $60.39 billion end-June, slightly lower than May’s $65.22 billion.
• India’s external sector remains resilient with a modest current account deficit and reserves covering 11 months of imports.