RBI becomes Net Seller in June 2022 by selling 3.719 billion USD

Reserve Bank of India has become the net seller of the US currency in June 2022 after selling USD 3.719 billion on a net basis.

The central bank has purchased USD 18.96 billion from the spot market and sold USD 22.679 billion. In June 2021, RBI was net buyer of the greenback after it purchased USD 18.633 billion on a net basis from the spot market.

In May 2022, the RBI has net bought USD 2.001 billion (Purchased USD 10.143 billion and sold USD 8.142 billion).