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.
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