简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
India central bank buys $7.37 bln in spot forex market in May
Abstract：MUMBAI, July 17 (Reuters) - The Reserve Bank of India (RBI) bought $7.37 billion in the spot foreign
MUMBAI, July 17 (Reuters) - The Reserve Bank of India (RBI) bought $7.37 billion in the spot foreign exchange market in May, showed data released on Monday as part of the central banks monthly bulletin.
The RBI did not sell any dollars in the reported month, the data showed. In April, the central bank had bought a net of $7.70 billion in the spot market.
The Indian rupee depreciated by over 1% against the dollar in May. The unit traded in a range of 81.65 to 82.85.
The RBIs net outstanding forward purchase stood at $19.27 billion as of end-May, compared with a net purchase of $19.93 billion in April, data showed.
The central bank intervenes in the spot and forwards market to curb exchange rate volatility. The currency was at 82.04 to the dollar on Monday.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
WikiFX Broker
Latest News
Geopolitical Events: What They Are & Their Impact?
WikiFXTop 10 Trading Indicators Every Forex Trader Should Know
WikiFXWhy Do You Feel Scared During Trade Execution?
WikiFXCurrency Calculator
