RBI sold $9.28 billion in forex market in Oct to support rupee
The Morning Standard
|December 25, 2024
IN a bid to support a falling rupee, which lost as much as 125 paise between October 10 and December 24 when it closed at 85.207, the Reserve Bank on Tuesday said it has net sold $9.28 billion on the spot foreign exchange market in October. The net outstanding forward sale stood at $49.18 billion in October as compared to the net sale of $14.58 billion in September.
The RBI said in the monthly bulletin that it had purchased $27.5 billion and sold $36.78 billion during October. As against this, the central bank has bought a net of $9.64 billion in the spot market in September.
यह कहानी The Morning Standard के December 25, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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