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Reserve Bank of India net purchaser of dollar in June, buys $1.92 Billion

Currency Market

Mumbai :  Reserve bank remained internet buyer of bucks for 3 consecutive months of the present business when it bought $1.92 billion in June from commodity exchange.

The central bank bought $3.95 billion from commodity exchange, whereas it sold  $2.03 billion within the news month, run batted in aforesaid in its monthly bulletin unharness these days.

In April, run batted in had internet bought $1.34 billion and $554 million in could. Last year in June, the apex bank had internet purchased $565 million when it bought $5.53 billion and oversubscribed $4.97 billion in commodity exchange.

In FY16, run batted in was internet vendee of $10.21 billion once it had bought $63.30 billion and oversubscribed $53.09 billion.

In FY15 run batted in was internet vendee of $54.84 billion. run batted in intervention within the exchange market is aimed toward curb volatility within the currency market.

In the forward dollar market, the outstanding internet forward sales were $7.43 billion as of end-June.


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