RBI remains net purchaser of US dollar in November, buys USD 10.261 billion

During the reporting month, the central bank purchased USD 14.289 billion and sold USD 4.028 billion, according to the monthly bulletin released by the RBI for January.

Published: 21st January 2021 05:07 PM  |   Last Updated: 21st January 2021 05:07 PM   |  A+A A-

RBI

Reserve Bank of India (File Photo| PTI)

By PTI

MUMBAI: The Reserve Bank of India (RBI) continued to remain a net buyer of the US currency in November after it bought USD 10.261 billion from the spot market, data showed.

During the reporting month, the central bank purchased USD 14.289 billion and sold USD 4.028 billion, according to the monthly bulletin released by the RBI for January.

In October this year, though the RBI had purchased USD 15.64 billion from the spot market, it did not sell the US currency.

In November 2019, the RBI had bought USD 7.458 billion and sold USD 530 million in the spot market. In FY20, the central bank had net purchased USD 45.097 billion.

It had bought USD 72.205 billion and sold USD 27.108 billion in the spot market. In the forward dollar market, the outstanding net purchase at the end of November was USD 28.344 billion, compared to USD 13.556 billion in October, the data showed.

Now we are on Telegram too. Follow us for updates
TAGS
RBI Reserve Bank of India
India Matters

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

Videos
Gallery