October 11, 2018 / 11:56 AM / 3 months ago

India cenbank sold net $2.3 bln in forex intervention in August

MUMBAI, Oct 11 (Reuters) - The Reserve Bank of India sold a net $2.34 billion rupees in the foreign exchange market in August versus $1.87 billion in July, its monthly bulletin showed on Thursday.

The net dollar purchases in the forward market stood at $5.7 billion as of end August, it said.

The rupee started hitting a series of record lows in late July and moved in a wide band of 68.26 to 71.01 per dollar in August. On Thursday, the unit was last traded at 74.14 per dollar versus its previous close of 74.21 after hitting a life low of 74.4850 early in the session. (Reporting by Swati Bhat; Editing by Vyas Mohan)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below