In the reporting month, the RBI bought $ 7.475 billion and sold $ 10.392 billion in the spot market, the RBI Bulletin for February 2022 released on Wednesday showed.
PTI
February 16, 2022 / 07:15 PM IST
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The Reserve Bank of India (RBI) turned net seller of the US currency in December 2021 after it sold $ 2.917 billion on a net basis in the spot market.
In the reporting month, the RBI bought $ 7.475 billion and sold $ 10.392 billion in the spot market, the RBI Bulletin for February 2022 released on Wednesday showed.
In November 2021, the RBI had purchased $ 8.489 billion from the spot market and sold a similar amount in the market.
In December 2020, the central bank had net purchased $ 3.991 billion of the US currency from the spot market.
During the FY2020-21, the central bank 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 the financial year 2020-21, the data showed.
In the forward dollar market, the outstanding net purchase at the end of December 2021 was $ 49.106 billion, same as in the previous month, the data showed.
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