 "RBI net sells $3.64 billion of foreign currency in April: Monthly bulletin")
The Reserve Bank of India (RBI) sold a net total of $3.64 billion worth of foreign currency in April, according to the central bank's monthly bulletin. The central bank bought $8 billion, while it sold $11.65 billion of foreign currency over the month.
The RBI had recorded a net purchase of $13.24 billion in the spot market in March.
The central bank’s net outstanding forward sales by the end of April stood at $16.25 billion, against $541 million in March.
The headline foreign exchange reserves, excluding the forward book, stood at $637 billion as of the end of April.
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