RBI remains net purchaser of US dollar in July, buys USD 15.973 bn


Team Udayavani, Sep 12, 2020, 1:17 PM IST

Mumbai: The Reserve Bank continued to remain a net buyer of the US currency in July after it purchased USD 15.973 billion on a net basis from the spot market, according to its monthly bulletin.

In the month, the central bank bought USD 16.903 billion and sold USD 930 million in the spot market, according to the monthly bulletin released by the Reserve Bank of India (RBI).

In the same month of 2019, the RBI was a net seller of US dollars after it bought USD 1.592 billion and sold 1.685 billion.

In June and May, 2020, the RBI had net bought USD 9.814 billion and USD 4.363 billion respectively. In April, it had sold USD 1.142 billion on a net basis.

In FY20, the central bank net purchased USD 45.097 billion. It had bought USD 72.205 billion while sold USD 27.108 billion in the spot market.

In the forward dollar market, the outstanding net sales at the end of July were at USD 379 million, compared to a net purchase of USD 2.459 billion in June, data showed.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Sealing of illegal hotel borewells in Delhi to continue, authorities tell NGT

Devendra Fadnavis emerges as Maharashtra’s man of the moment

Priyanka Gandhi will surpass votes received by Rahul: IUML

Karnataka bypolls: Cong ahead in all three Assembly seats

Wayanad LS bypoll: Priyanka in lead by over one lakh votes

Indian-American leaders applaud PM Modi for inclusive growth in India

Doctors remove over 50 toothbrushes from man’s stomach in B’luru

Related Articles More

Binny Bansal steps down from board of PhonePe

MSEZ partners with Italy’s MIR Group for Rs 1,500 cr green facility

Sony India bags ACC media rights for eight years

Musk says X now top news app on App Store in India

Air India to offer integrated aircraft maintenance engineering programme

MUST WATCH

Naxal Leader Vikram Gowda

Christmas Cake Fruit Mixing

DK Shivakumar

Rose Cultivation

Geethotsava


Latest Additions

Sealing of illegal hotel borewells in Delhi to continue, authorities tell NGT

Devendra Fadnavis emerges as Maharashtra’s man of the moment

Priyanka Gandhi will surpass votes received by Rahul: IUML

Manipur: 2 more arrested for arson at residences of MLAs

Priyanka Gandhi will win by record margin from Wayanad, says Telangana CM

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.