RBI Sold Net $3.6 Billion In Spot Forex Market In April

| 20 Jun 2024 2:58 PM IST

Mumbai: The Reserve Bank of India (RBI) sold $3.65 billion on a net basis in the spot foreign exchange market in April, data released on Wednesday as part of the central bank’s monthly bulletin showed. The RBI said it purchased nearly $8 billion and sold $11.6 billion. In March, the central bank had bought a net of $13.2 billion in the spot market. The Indian rupee was little changed month-on-month in April but fell to its record low of 83.5750 during the month while its upside was capped at 83.15.

Tags: RBI

Categories: National

Vidya

Vidya is a talented author and expert in visual journalism, specializing in the creation of impactful infographics. At Newsographics, she transforms complex data into visually engaging news articles that capture audience attention. With a strong background in design and journalism, Vidya advocates for the use of infographics to enhance understanding and accessibility of information, making her a significant voice in modern media practices.