RBI sells net $4.05 bn of US dollars in March in spot market
In the previous month, RBI had bought $10.604 billion of the US currency and sold $1.460 billion in the spot market.
In the previous month, RBI had bought $10.604 billion of the US currency and sold $1.460 billion in the spot market.
Forex traders said increased demand for the US currency from importers and concerns around the rift between the government and the RBI weighed on the local unit.
At the interbank foreign exchange, the rupee opened weak at 73.74 then slipped further to quote 23 paise down at 73.79 against the US dollar.
The US dollar strengthened against its rivals ahead of the Federal Reserve's release of minutes from the September meeting.
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