Data Alert
RBI Sept gross FX purchases $28.93 bln, highest since December
This story was originally published at 21:35 IST on 20 November 2024
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--RBI's Sept 30 net outstanding FX futures sales $200 mln vs $897 mln Aug 31
--RBI's net buy, sell in FX futures market nil in Sept
--CONTEXT: RBI net outstanding fwd FX sales Aug 31 were $18.98 bln
--RBI's net outstanding forward FX sales as of Sept 30 $14.58 bln
--RBI's Sept gross FX sales $19.29 bln vs $22.64 bln in Aug
--RBI's Sept gross FX purchases $28.93 bln vs $16.14 bln Aug
--RBI net bought $9.64 bln in FX mkt Sept vs $6.49 bln sell Aug
NEW DELHI – The Reserve Bank of India bought $28.93 billion in the foreign exchange market in September on a gross basis, the highest in a month since December, data released by the central bank showed on Wednesday. In August, the RBI had bought $16.14 billion in the foreign exchange market on a gross basis.
The central bank sold $19.29 billion in September on a gross basis, against $22.64 billion in August. On a net basis, the RBI bought $9.64 billion in the foreign exchange market in September, the highest in a month since March. The RBI had net sold $6.49 billion in August.
At the end of September, the RBI had net outstanding forward foreign exchange sales of $14.58 billion, compared with $18.98 billion at the end of August. The central bank's gross purchase and sale in the foreign exchange futures market were $2.15 billion each in September, making the net purchase or sale nil. At the end of September, the central bank had net outstanding foreign exchange futures sales of $200 million. End
US$1 = INR 84.42
Reported by Pratiksha
Edited by Saji George Titus
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