RBI Net Dollar Purchases Hit Record $43.26 Billion in August
The Reserve Bank of India’s net dollar purchases rose from $18.65 billion in July to a record $43.26 billion in August, according to its monthly bulletin.
The Reserve Bank of India (RBI) bought a record net $43.26 billion in dollars in August, more than twice its net purchases of $18.65 billion in July, data in the central bank’s monthly bulletin showed. The sharp rise coincided with the return of dollars mobilised under the…