The Reserve Bank of India (RBI) sold $3.65 billion on a net basis in the spot foreign exchange market in April, data released on Wednesday as part of the central bank's monthly bulletin showed.
The RBI said it purchased nearly $8 billion and sold $11.6 billion.
In March, the central bank had bought a net of $13.2 billion in the spot market.
The Indian rupee was little changed month-on-month in April but fell to its record low of 83.5750 during the month while its upside was capped at 83.15.
The RBI's net outstanding forward sales stood at $16.3 billon as of end-April, compared with net forward sales of $541 million 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 of the rupee.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
Not Just Smog, Delhi Also Fighting "Walking Pneumonia" Cases This Season
Indian Economy Strong Enough to Handle Global Shocks: RBI Governor RBI Customer Care Gets Bomb Threat, Caller Claims To Be "Lashkar CEO": Sources Rupee At All-Time Low Of Rs 84.40 Against US Dollar In Early Trade Amazon Employee Greets Friend At Wedding, Dies Of Cardiac Arrest "Speculative, Inaccurate": Canada Factchecks Own Media, Backtracks After India's Stinker Not Just Smog, Delhi Also Fighting "Walking Pneumonia" Cases This Season Demystifying Anaemia: 10 Fact You Should Know From Firebrands To Stalwarts, Who Is In Donald Trump's Top Team? Mahindra XUV700 Prices Increased By Up To Rs 50,000; Check Details Track Latest News Live on NDTV.com and get news updates from India and around the world.