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RBI net sold $6.5 bn in August
Business Standard
|October 22, 2024
Reverse buying, selling $ to stabilise ₹ amid carrytrade unwinding
The Reserve Bank of India (RBI) was a net seller of the US dollar in August, reversing its net buying position from July.
During the current financial year up to August, the central bank had sold a net $1.11 billion.
The RBI sold a net total of $6.49 billion worth of the foreign currency in August, according to the central bank's monthly bulletin. The RBI bought $16.14 billion, while it sold $22.63 billion of the foreign currency in August. The central bank had recorded a net purchase of $6.93 billion in the spot market in July.
Denne historien er fra October 22, 2024-utgaven av Business Standard.
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