Latest News | RBI Remains Net Purchaser of US Dollars in September, Buys USD 8.172 Bn

Mumbai, Nov 11 (PTI) The Reserve Bank remained a net buyer of US dollars in September, purchasing USD 8.172 billion on a net basis from the spot market, central bank data showed.

During the month, RBI bought USD 13.322 billion from the spot market while selling USD 5.15 billion, according to the monthly bulletin released by the central bank for November.

Also Read | An Indomitable Spirit: Story of a 25-Year-Old Who Defeated COVID-19 Despite an End-Stage Renal Failure and Underwent a Successful Kidney Transplantation.

In September 2019, RBI had net bought USD 5.614 billion from 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.

Also Read | Realme X7 Pro with MediaTek 5G Dimensity SoC to Be Launched in India Soon: Report.

In the forward dollar market, the outstanding net purchase at the end of September was USD 13.881 billion, compared to net purchase of USD 10.351 billion in August, as per the data.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)