26-April-2024
Subscribe   |   Unsubscribe   |   Forward to a Friend   |     
Markets and Finance
 
For the first time in FY19, RBI becomes net buyer of dollars in Dec
18-Feb-2019

The Reserve Bank turned a net buyer of dollars in December, the first time in the current fiscal year, as it purchased $607 million of the greenback on a net basis from the spot market, according to the latest data. The central bank bought $837 million and sold $230 million in the spot market during the reporting month. As against this, in December 2017, the RBI was a net buyer of $5.647 billion, after it bought $6.008 billion from the market and sold $361 million.

News Source:- https://www.thehindubusinessline.com/money-and-banking/for-the-first-time-in-fy19-rbi-becomes-net-buyer-of-dollars-in-dec/article26295870.ece