 "RBI, Reserve Bank of India")
The Reserve Bank of India (RBI) sold $6.49 billion, on a net basis, in the spot foreign exchange market in August, according to data released on Monday as part of the central bank's monthly bulletin.
In July, it had bought a net of $6.93 billion in the spot market.
The RBI said it purchased $16.14 billion and sold $22.64 billion in the spot forex market in August.
While most Asian currencies rallied between 2% to 6% in August, the rupee weakened 0.2% to log its second consecutive monthly decline.
The central bank intervenes in the spot and forwards market to curb exchange rate volatility.
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 "Navi Finserv")
 "Rupee")
 "NBFC PCA")
 "JM Finnacial, JM Financial logo")
 "Manappuram Finance")
The RBI's net outstanding forward dollar sales stood at $18.98 billion as of end-August, compared with a net sales of $9.1 billion at the end of the previous month, the data showed.
The currency settled at 84.0725 to the dollar on Monday.
 "Bonds")
 "360 one wealth")
 "Rs, Rupee, Indian Currency")
 "Statistics")
 "Mohamed Muizzu, Mohamed")
