The Reserve Bank of India (RBI) remained net buyer of the US currency in September 2021, after it purchased $791 million on the net basis from the spot market, RBI data showed.
In the reporting month, the central bank had bought $9.169 billion and sold $8.378 billion in the spot market, the monthly RBI bulletin for November 2021, released on Monday showed.
In August 2021, RBI had net bought $3.747 billion. It had purchased USD 10.887 billion and sold $7.14 billion in the spot market during the month.
In September 2020, RBI had net purchased $8.172 billion.
During FY 2020-21, RBI had net purchased $68.315 billion from the spot market. It had bought $162.479 billion from the spot market and sold USD 94.164 billion during the fiscal 2020-21, the data showed.
In the forward dollar market, the outstanding net purchase at the end of September 2021 was $49.606 billion, same as in the previous month, the data showed.
(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)