MUMBAI, Aug 11 (Reuters) - The Reserve Bank of India bought
a net $597 million in the spot foreign exchange market in June,
lower than the $1.79 billion in May, data in a bulletin released
by the central bank on Monday showed.
The net outstanding forward dollar sales as of end-June
stood at $154 million compared with $11.46 billion in May.
The central bank has been buying dollars in the forex
market, both spot and forwards, to prevent any sharp rise in the
rupee which hit an 11-month high of 58.33 on May 23.
(Reporting by Neha Dasgupta; Editing by Biju Dwarakanath)