India cenbank sold net $3.86 billion in spot forex market in August – bulletin

The Reserve Bank of India (RBI) sold a net $3.86 billion in the spot foreign exchange market in August, according to data released on Thursday as part of the central bank's monthly bulletin. In July, the central bank had bought a net of $3.47 billion in the spot market. The central bank intervenes in the spot and forwards market to curb exchange rate volatility.