RBI sold $8.94 billion in April to defend rupee amid global pressures. Currency hit record low while forex reserves fell to a one-year low.
The RBI also maintained its gold holdings at 880.52 tonnes, though their valuation declined
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The Reserve Bank of India sold a
net $8.94 billion in the foreign exchange market in April, data
released on Monday showed, as it stepped in to support the rupee
RBI sold net $8.9 billion in April, gold holdings unchanged
RBI sold nearly $9 billion in forex spot market in April amid rupee pressure
India's forex reserves decline USD 9.98 bn to USD 671.62 bn: RBI data
India's forex reserves up by $963 million to $672.58 billion as of June 19
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