MUMBAI (Reuters) - The Reserve Bank of India net sold $2.25 billion rupees in the spot foreign exchange market in June, significantly higher than net sales of $107 million in May, data published by the central bank showed on Monday.
The central bank said net outstanding forward sales stood at $4.9 billion in June, compared with $5.8 billion in May.
The rupee lost 4.9 percent in June after foreign investors sold a net $7 billion in bonds and shares for the month, and ended down 8.6 percent in April-June, its biggest quarterly fall in nearly two years.
(Reporting by Shamik Paul; Editing by Sunil Nair)
