RBI remains a net buyer of US currency in May; $2 billion buys – Times of India

Mumbai: reserve Bank of India (RBI) remained a net buyer of whom? US currency In May, after purchases of US$ 2.001 billion on a net basis from the spot market, reserve Bank of India data shown.
In the week under review, the Reserve Bank of India (RBI) bought USD 10.143 billion and sold USD 8.142 billion from the spot market, according to the RBI’s bulletin for July 2022 released on Saturday.
In April 2022, the central bank bought USD 1.965 billion. It bought $11.965 billion during the month and sold $10 billion in the spot market.
During FY 2022, the central bank had net purchases of USD 17.312 billion. It had sold USD 113.991 billion and USD 96.679 billion in the spot market in FY22.
in the future dollar marketThe data showed that net purchases outstanding at the end of May 2022 were US$ 49.191 billion, up from US$ 63.826 billion in April.