This is the second consecutive month when RBI had net sold the greenback in the spot market.
During the reporting month, RBI had bought USD 4.101 billion of dollars, while it sold USD 9.868 billion in the spot market. In April, the RBI had net sold 2.483 billion of the US currency.
In FY18, the apex bank had net purchased USD 33.689 billion from the spot market. It had bought USD 52.068 billion from the spot market, while selling USD 18,379 billion.
In FY17, RBI had bought USD 12.351 billion of dollars on a net basis. In the forward dollar market, the outstanding net forward purchase at the end of May was USD 11.252 billion.
The net forward purchase at the end of April was USD 17.393 billion, RBI said.
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