RBI net absorbs 561 million dollars in June
The Reserve Bank of India bought a net 561 million dollars in foreign exchange during June after strong capital inflows steadied the rupee. Central bank data showed improved economic activity and domestic demand in July.
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India's central bank purchased a net $561 million in the foreign exchange market in June, reflecting intervention activity and incoming capital flows. The figures follow net sales of $6 billion in May and $8.9 billion in April. The data highlights a shift in central bank operations as foreign inflows stabilize the local currency following earlier pressures.
