Monday, 20 April 2015

RBI's net purchase of dollars at $49.2bn in Apr-Feb

The RBI had bought $115.9 billion from the market in April-February 2014-15, while it sold $66.7 billion 

The Reserve Bank of India's (RBI) net purchase of dollars stood at $49.2 billion in April-February 2014-15, RBI data showed.

The RBI had bought $115.9 billion from the market in April-February 2014-15, while it sold $66.7 billion.

The period also saw the forex reserves touching a record $338 billion to the week ended February 27.

"Our intervention in exchange market has historically been to reduce exchange rate volatility and that's not just the volatility today but also anticipated volatility," RBI Governor Raghuram Rajan had said at the policy review on April 7 

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