RBI bought net $820 million in spot FX market in March
RBI bought net $820 million in spot FX market in March
The RBI bought net USD 820 million in March in the spot foreign exchange market, which included purchase of USD 3.17 billion of the greenback and USD 2.35 billion of sales, it said on Monday.
In February, the central bank sold net USD 280 million in the spot.
The outstanding amount of forward dollar sales fell to USD 11 billion in March from USD 12.11 billion in February.
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US dollar demand from importers will take the already weak Indian rupee towards 61.70-61.80 levels. Rupee breached previous low of 61.21/USD in early trade on Tuesday. sureshot mcx tips
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