January: The RBI continues to be a net seller of US dollars
The Reserve Bank of India (RBI) Bulletin for March 2022, released on Thursday, showed that the central bank purchased $6.548 billion and sold $7.319 billion in the spot market during the reporting month. As a result, the RBI had net sold $2.917 billion in the spot market by December 2021.
In January 2022, the Reserve Bank of India (RBI) continued to be a net seller of US currency, selling $771 million in the spot market.
The Reserve Bank of India (RBI) Bulletin for March 2022, released on Thursday, showed that the central bank purchased $6.548 billion and sold $7.319 billion in the spot market during the reporting month. As a result, the RBI had net sold $2.917 billion in the spot market by December 2021.
The RBI had net purchased $2.854 billion from the spot market in January 2021, buying $18.225 billion and selling $15.371 billion.
During the fiscal year 2020-21, the RBI net purchased $68.315 billion in spot market transactions.
During the fiscal year, it purchased $162.479 billion and sold $94.164 billion, according to the data. As a result, the outstanding net purchase in the forward dollar market at the end of January 2022 was $49.877 billion, compared to $49.106 billion in December 2021.
