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The Reserve Bank of India (RBI) sold $179 million (net) in the spot exchange markets in December, said its monthly bulletin released on Wednesday.
It bought $2.620 billion and sold $2.799 billion. It had purchased $15 million (net) in November.
Its outstanding forward purchases at the end of December were at nearly $2 billion, compared to $1.5 billion in November.
In the exchange-traded currency derivatives market, the RBI intervened to a level of $1.2 billion in December, compared to nearly $2.4 billion in November.
The RBI had announced in December that it would intervene in this market to check volatility.
The rupee, trading at 67 to the dollar in early December, strengthened to 66/dollar in mid-December, before weakening once again. It closed at 67.85 on Wednesday.
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