please explain the meaning of tick marked points.
The RBI manages the value of our money when it fluctuates way too much.
In the first case, demand for rupees has increased so much that the value has also increased. When they say 59.75 per dollar, they mean that dollar has become cheaper/inr has become more valuable. The RBI has to control that and they do so by increasing the supply of indian rupees to meet the demand. They buy dollars from the market and give out inr to the public this way.
In the second case, it is the opposite. There is excess supply and not enough demand. So the RBI interferes and controls the demand by selling their dollars and taking away inr from the public.
In the first case, demand for rupees has increased so much that the value has also increased. When they say 59.75 per dollar, they mean that dollar has become cheaper/inr has become more valuable. The RBI has to control that and they do so by increasing the supply of indian rupees to meet the demand. They buy dollars from the market and give out inr to the public this way.
In the second case, it is the opposite. There is excess supply and not enough demand. So the RBI interferes and controls the demand by selling their dollars and taking away inr from the public.