single

The Reserve Bank of India (RBI) has been net buyer of US dollars worth US$ 4.90 billion in the month of March 2019 on a net basis from the spot market. The RBI was also net buyers at US$ 9.41 billion in March 2019, while it was net seller at US$ 2.483 billion in April 2019.

However, the RBI was net seller for entire FY2019 with net sales of US$ 15.377 billion. It had purchased US$ 40.804 billion and sold US$ 56.181 billion in FY2019.

For FY18, the RBI was net buyer of US$ 33.689 billion from the spot market, while purchased US$ 52.068 billion as against sales of US$ 18.379 billion.

The outstanding net forward sales stood at US$ 18.512 billion end April 2019 compared to net sales of US$ 13.774 billion end March 2019 and net purchases of US$ 17.393 billion end April 2018.

TAGS

0 thoughts on “RBI net buys US$ 4 9 billion in April 2019”

Post Comment



  Nifty Future Tips

Nifty future is nothing but the index future where the underlying is the S&P CNX Nifty index. In India, index futures trading started in 2000 in NSE. For Nifty futures contracts, the permitted lot size is 50, and in multiples of 50. Like other futures contracts, Nifty future tips contracts also have a three-month trading cycle - the near-month, the next month and the far-month.


View My Stats