The Reserve Bank Of India sold $10.36 billion net in the Forex spot market in September
The central bank has sold a net amount of $54 billion since the start of the year. (Case)
Mumbai:
The Reserve Bank of India (RBI) sold a net amount of $10.36 billion in the spot foreign exchange market in September, the central bank said in its latest monthly bulletin released today.
The RBI said it bought $23.27 billion and sold $33.62 billion in the spot market.
The rupee rose from around 79.5 to the dollar to over 81.5 in September. It dipped to a record low of 83.29 in October, with traders citing instances of RBI intervention in the markets to curb volatility during the period.
The RBI said its net forward dollar holdings were $10.42 billion at the end of September, down from $20.16 billion at the end of August.
The central bank has sold a net amount of $54 billion since the start of the year.
(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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