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RBIs dollar purchases at four-month low in June

Exrarate Manager   |   Posted On: 2020-07-27 08:45:08
RBIs dollar purchases at four-month low in June

MUMBAI: RBI June dollar purchases lowest in four months as dollar inflows started amid uncertainties in the global markets. But it has doubled its dollar purchases in the forward market.

The Reserve Bank bought $4.4 billion and sold $ 2 billion in June, taking the net spot dollar purchases by the central bank to $ 2.4 billion, according to the latest figures released by the Reserve Bank of India. This is lowest spot dollar purchase by the Central bank since February this year, during  ..

The government is working on a sovereign benchmark for external borrowing, which is expected to be finalised by September this year, post which one could see some pick up in dollar flows.


Category: RBI - Central Bank
Article Tags: RBICentral BankBank
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