Wednesday 11 March 2015

RBI buys forex worth $12.14bn in Jan

The RBI's total net forward position stood at $5.58 billion at the end of January compared with $6.85 billion in December

The Reserve Bank of India bought a net $12.14 billion in spot foreign exchange markets in January, compared with $6.74 billion in December, according to RBI's monthly bulletin published on Tuesday.

The total net forward position stood at $5.58 billion at the end of January compared with $6.85 billion in December, the data showed

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