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RBI dollar buying: RBI remains net purchaser of US dollar in January, buys $2.854 bn

MUMBAI: The Reserve Financial institution of India (RBI) continued to stay web purchaser of the US greenback in January after it purchased $2.854 billion from the spot market, the info confirmed.

Within the reporting month, RBI bought $18.225 billion and bought $15.371 billion within the spot market, the RBI stated in its month-to-month bulletin for March 2021.

In December 2020, RBI web bought $3.991 billion from the spot market.

In January 2020, RBI was a web purchaser of $10.266 billion. It had bought $11.486 billion and bought $1.22 billion throughout the month.

In FY20, the central financial institution had web bought $45.097 billion. It had purchased $72.205 billion and bought $27.108 billion within the spot market.

Within the ahead greenback market, the excellent web buy on the finish of January was $47.383 billion, in contrast with web buy of $39.792 billion in December, the info confirmed.

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