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RBI Buys Net $8.17 Billion In FX Market In Sept - Bulletin

RBI Buys Net $8.17 Billion In FX Market In Sept - Bulletin

India's central bank bought a net $8.17 billion in the foreign exchange market in September, well above the $5.30 billion it purchased the previous month, a monthly bulletin showed.

MUMBAI: India’s central bank bought a net $8.17 billion in the foreign exchange market in September, well above the $5.30 billion it purchased the previous month, a monthly bulletin showed.

The Reserve Bank of India (RBI) bought $13.32 billion and sold $5.15 billion in the market in September, it said in a bulletin released late on Wednesday.

In the forwards market, the RBI said it had a net outstanding buy position of $13.88 billion as of the end of September, down from $10.35 billion at the end of the previous month.

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