RBI remains net purchaser of US dollars in June, buys $9.814 billion

The Reserve Bank of India (RBI) remained net purchaser of the US currency for the second consecutive month in June after it bought $9.814 billion of the greenback on a net basis, according to RBI data.

During the reporting month, the RBI had bought $14.847 billion from the spot market while it sold $5.033 billion, RBI data showed.

In May, the RBI had bought $4.663 billion and sold $300 million in the spot market. It had net purchased $4.363 billion in May.

In April, the central bank had sold $1.142 billion on a net basis.

The RBI was a net