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 the previous month, data from the central bank showed on Thursday.
The rupee gained 0.2 percent against the dollar in August. It was trading at 52.72/74 to a dollar in late trades on Thursday.
In the forward dollar market, outstanding dollar sales fell to $14.11 billion in August from $14.46 billion in July, RBI data showed.
(Reporting by Shamik Paul; Editing by Anand Basu)
Keywords: INDIA CBANK/DOLLAR