13 C
New York
Wednesday, April 21, 2021

RBI remains net purchaser of US dollars in June, buys $9.814 billion

Must read

NextEra Energy Earnings Beat, Revenue Misses In Q1

Stock Markets4 minutes ago (Apr 21, 2021 07:38AM ET) (C) Reuters. NextEra Energy Earnings Beat, Revenue Misses In Q1 Investing.com - NextEra Energy (NYSE:NEE) reported on...

Verizon Earnings, Revenue Beat in Q1

Stock Markets6 minutes ago (Apr 21, 2021 07:36AM ET) (C) Reuters. Verizon Earnings, Revenue Beat in Q1 Investing.com - Verizon (NYSE:VZ) reported on Wednesday first quarter...

U.S. lawmakers look to advance sweeping effort to counter China

Politics7 minutes ago (Apr 21, 2021 07:35AM ET) (C) Reuters. FILE PHOTO: Chinese and U.S. flags flutter outside the building of an American company in...

Roche’s COVID-19 tests boost first-quarter, CEO sees drug demand accelerating

Stock Markets7 minutes ago (Apr 21, 2021 07:35AM ET) (C) Reuters. FILE PHOTO: Logo of Swiss pharmaceutical company Roche is pictured in Rotkreuz By John Miller...
Mexican pesos and US dollar banknotes are seen in this picture illustration (Reuters)

In FY20, the central bank net purchased $45.097 billion. It had bought $72.205 billion while sold $27.108 billion in the spot market.


The Reserve Bank of India (RBI) remained net purchaser of the US currency for the second consecutive month in June after it bought $9.814 billion of the greenback on a net basis, according to RBI data.


During the reporting month, the RBI had bought $14.847 billion from the spot market while it sold $5.033 billion, RBI data showed.


In May, the RBI had bought $4.663 billion and sold $300 million in the spot market. It had net purchased $4.363 billion in May.


In April, the central bank had sold $1.142 billion on a net basis.


The RBI was a net purchaser of the greenback at $2.463 billion in June 2019.


In FY20, the central bank net purchased $45.097 billion. It had bought $72.205 billion while sold $27.108 billion in the spot market.


In the forward dollar market, the outstanding net purchase at the end of June was $2.459 billion, compared to a sale of $1.958 billion in May, the data showed.




Read our full coverage on Reserve Bank of India RBI



First Published: Thu, August 13 2020. 21:23 IST

- Advertisement -

Latest article

NextEra Energy Earnings Beat, Revenue Misses In Q1

Stock Markets4 minutes ago (Apr 21, 2021 07:38AM ET) (C) Reuters. NextEra Energy Earnings Beat, Revenue Misses In Q1 Investing.com - NextEra Energy (NYSE:NEE) reported on...

Verizon Earnings, Revenue Beat in Q1

Stock Markets6 minutes ago (Apr 21, 2021 07:36AM ET) (C) Reuters. Verizon Earnings, Revenue Beat in Q1 Investing.com - Verizon (NYSE:VZ) reported on Wednesday first quarter...

U.S. lawmakers look to advance sweeping effort to counter China

Politics7 minutes ago (Apr 21, 2021 07:35AM ET) (C) Reuters. FILE PHOTO: Chinese and U.S. flags flutter outside the building of an American company in...

Roche’s COVID-19 tests boost first-quarter, CEO sees drug demand accelerating

Stock Markets7 minutes ago (Apr 21, 2021 07:35AM ET) (C) Reuters. FILE PHOTO: Logo of Swiss pharmaceutical company Roche is pictured in Rotkreuz By John Miller...

After Rapid Rise, Freeport-McMoRan Options Could Protect Gains In Miner’s Stock

Shares of copper miner Freeport-McMoran (NYSE:FCX) are up more than 41% year-to-date.The stock has benefitted from the bull run in copper prices, currently at...