India cenbank net sold $179 mln in spot in Dec, intervened in futures -bulletin

February 10, 2016 12:32 PM

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MUMBAI Feb 10 India's central bank sold a net $179 million in spot exchange markets in December compared with net buying of $15 million in November, while also intervening in the futures markets, it said in a monthly bulletin on Wednesday.

In spot markets, the Reserve Bank of India bought $2.6 billion but sold $2.8 billion in December, showing the central bank intervened both to curb the rupee's value and to cap its gains.

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