RBI remains net buyer of US dollar, buys $2.8 bn in Jan
In the reporting month, RBI purchased $18.225 billion and sold $15.371 billion in the spot market, the RBI said in its monthly bulletin for March 2021
- Mar 19, 2021,
- Updated Mar 20, 2021 12:20 AM IST
The Reserve Bank of India (RBI) continued to remain net buyer of the US dollar in January after it bought $2.854 billion from the spot market, the data showed.
In the reporting month, RBI purchased $18.225 billion and sold $15.371 billion in the spot market, the RBI said in its monthly bulletin for March 2021.
In December 2020, RBI net purchased $3.991 billion from the spot market.
In January 2020, RBI was a net buyer of $10.266 billion. It had purchased $11.486 billion and sold $1.22 billion during the month.
In FY20, the central bank had net purchased $45.097 billion. It had bought $72.205 billion and sold $27.108 billion in the spot market.
In the forward dollar market, the outstanding net purchase at the end of January was $47.383 billion, compared with net purchase of $39.792 billion in December, the data showed.
Also read: Indian Railways to never be privatised: Piyush Goyal
Also read: Fact check! Indian Railways denies cancelling special trains till March 31
The Reserve Bank of India (RBI) continued to remain net buyer of the US dollar in January after it bought $2.854 billion from the spot market, the data showed.
In the reporting month, RBI purchased $18.225 billion and sold $15.371 billion in the spot market, the RBI said in its monthly bulletin for March 2021.
In December 2020, RBI net purchased $3.991 billion from the spot market.
In January 2020, RBI was a net buyer of $10.266 billion. It had purchased $11.486 billion and sold $1.22 billion during the month.
In FY20, the central bank had net purchased $45.097 billion. It had bought $72.205 billion and sold $27.108 billion in the spot market.
In the forward dollar market, the outstanding net purchase at the end of January was $47.383 billion, compared with net purchase of $39.792 billion in December, the data showed.
Also read: Indian Railways to never be privatised: Piyush Goyal
Also read: Fact check! Indian Railways denies cancelling special trains till March 31