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RBI net dollar purchases hit record $18.65 bn in July: Monthly bulletin

1 source · first seen 17:45 27 Sept · updated 17:45 27 Sept

The brief

Written from 1 report · check the source before you trade
  • RBI net dollar purchases reached a record $18.65 bn in July, driven by a concessional swap facility
  • RBI’s outstanding net forward-market short position surged to a record $136.77 bn
  • RBI’s dollar buying and forward positions may affect rupee liquidity and Indian banks’ currency-market conditions

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1 report · earliest 17:45
Business StandardRBI net dollar purchases hit record $18.65 bn in July: Monthly bulletin17:45