Comments
The Reserve Bank’s net dollar sales in the spot forex market stood at $95 million in October, up from $10 million in the previous month, RBI data showed today.
As per the data of Monthly Bulletin for December 2012, the central bank in October purchased $1.05 billion while sold $1.15 billion.
The RBI intervenes in the forex market to arrest any excess currency volatility.
In the forward dollar market, the outstanding net forward sales by RBI stood at $14.08 million compared with $ 14.05 million in the previous month.
The rupee today closed marginally down at 54.48 against the US currency amid flat stock markets and recovery in dollar against major world currencies.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.