In July, RBI net purchased $ 7.205 billion. It had bought $ 16.16 billion and sold $ 8.955 billion during the month. In August 2020, the central bank had net bought $ 5.307 billion from the spot market, the data showed.
PTI
October 18, 2021 / 09:55 PM IST
Reserve Bank of India (RBI) remained a net buyer of the US currency in August after it net purchased $ 3.747 billion from the spot market.
In the reporting month, RBI had purchased $ 10.887 billion and sold $ 7.14 billion in the spot market, according to the monthly RBI bulletin for October 2021 released on Monday.
In July, RBI net purchased $ 7.205 billion. It had bought $ 16.16 billion and sold $ 8.955 billion during the month. In August 2020, the central bank had net bought $ 5.307 billion from the spot market, the data showed.
During FY 2020-21, RBI had net purchased $ 68.315 billion from the spot market. It had bought $ 162.479 billion from the spot market and sold $ 94.164 billion during 2020-21, the data showed.
In the forward dollar market, the outstanding net purchase at the end of August was $ 49.606 billion compared with a net purchase of $ 49.01 billion in July.
