The RBI’s net outstanding forward purchase stood at $10.07 billion as of end-August, compared with a net purchase of $19.47 billion at the end of the previous month, the data showed.
The central bank intervenes in the spot and forwards market to curb exchange rate volatility.
The RBI has been intervening in the spot and forwards market over the last few weeks to prevent the rupee from weakening past its lifetime low of 83.29 against the dollar, traders said.
The currency was at 83.2450 to the dollar on Thursday.
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