RBI Forex Moves and Reserves Update

  Published 9 months ago

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.

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