For the fourth consecutive month, the Reserve Bank became a net purchaser of dollars after it bought $5.453 billion in July from the spot market.
The amount of dollars purchased in the month by the central bank was the highest at $9.348 billion in the reporting month, RBI monthly data showed.The apex bank sold $3.895 billion dollars in the spot market in July. last year in the same month, RBI was a net seller of the greenback .