{"id":115839,"date":"2022-09-15T11:55:01","date_gmt":"2022-09-15T06:25:01","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=115839"},"modified":"2022-09-15T11:55:04","modified_gmt":"2022-09-15T06:25:04","slug":"rbi-sells-13-billion-in-august-to-hold-rupee-at-80","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/rbi-sells-13-billion-in-august-to-hold-rupee-at-80\/","title":{"rendered":"RBI sells $13 billion in August to hold rupee at 80"},"content":{"rendered":"\n<p><strong>RBI sells $13 billion in August to hold rupee at 80: <\/strong>The Reserve Bank of India is\u00a0estimated to have sold about $13 billion in the spot market in August 2022.<\/p>\n\n\n\n<p>Reason:&nbsp;To defend the rupee from falling further against the US dollar.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-september-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">September 2022 Current Affairs Quiz<\/a><\/p>\n\n\n\n<p>A majority of&nbsp;India&#8217;s foreign exchange reserves is held in US dollar-denominated currency&nbsp;while the rest comes from investment in non-dollar assets. This is the highest monthly currency market intervention so far in 2022-23 as the central bank is said to be defending the psychological mark of 80.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RBI sells $13 billion in August to hold rupee at 80: The Reserve Bank of India is\u00a0estimated to have sold about $13 billion in the spot market in August 2022. Reason:&nbsp;To defend the rupee from falling further against the US dollar. September 2022 Current Affairs Quiz A majority of&nbsp;India&#8217;s foreign exchange reserves is held in [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":115841,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4926],"tags":[74,64],"class_list":["post-115839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-september-2022","tag-bank-current-affairs","tag-reserve-bank-of-india-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/115839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=115839"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/115839\/revisions"}],"predecessor-version":[{"id":115842,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/115839\/revisions\/115842"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/115841"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=115839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=115839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=115839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}