Wires

India cbank sold $552 mln in FX market in Aug

Share

MUMBAI, Oct 11 (Reuters) - The Reserve Bank of India (RBI)sold $552 million in the local forex market in August and bought$100 million, compared with net sales of $785 million in theprevious month, data from the central bank showed on Thursday.

The rupee gained 0.2 percent against the dollar inAugust. It was trading at 52.72/74 to a dollar in late trades onThursday.

In the forward dollar market, outstanding dollar sales fellto $14.11 billion in August from $14.46 billion in July, RBIdata showed.

(Reporting by Shamik Paul; Editing by Anand Basu)

((shamik.paul@thomsonreuters.com)(+91-22-6180 7202)(ReutersMessaging: shamik.paul.reuters.com@reuters.net))

Keywords: INDIA CBANK/DOLLAR