Wait...
  1. Home >
  2. Export Import News >
  3. Economy News >
  4. RBI net buyer of dollars for third month in a row, snaps up $825 million in February >
  5. RBI net buyer of dollars for third month in a row, snaps up $825 million in February

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

RBI net buyer of dollars for third month in a row, snaps up $825 million in February.


Date: 15-04-2019
Subject: RBI net buyer of dollars for third month in a row, snaps up $825 million in February
The Reserve Bank remained a net buyer of the US dollar for the third consecutive month in February, when it bought $825 million from the spot market, according to the data from the central bank.

In the reporting month, the central bank bought $2.086 billion and sold $1.261 billion in the spot market as the rupee was under pressure.

The central bank had turned net buyer of dollar for the first time in fiscal 2019 in December 2018 buying $607 million.

In January 2019, the RBI had net purchased $293 million.


It had bought $1.025 billion from the spot market and sold $732 million.
In February 2018, the apex bank was also a net buyer of $1.665 billion purchasing $3.320 billion and selling $1.655 billion in the spot market.

In FY18, the apex bank had net purchased $33.689 billion from the spot market, taking its total dollar purchase to $52.068 billion, and sold only $18.379 billion, this helped the country for the first time scale a life-time peak of $426.028 billion for the week to April 13, 2018 in the foreign exchange reserves.

In the forward dollar market, the outstanding forward sales at end February was $4.372 billion, compared to a sale of $3.032 billion in January, according to the RBI data.

Source: moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 13-12-2019
Notification No. 68/2019 – Central Tax
Seeks to carry out changes in the CGST Rules, 2017.

Date: 13-12-2019
Notification No. 69/2019 – Central Tax
Seeks to notify the common portal for the purpose of e-invoice.

Date: 13-12-2019
Notification No. 70/2019 – Central Tax
Seeks to notify the class of registered person required to issue e-invoice.

Date: 13-12-2019
Notification No. 71/2019 – Central Tax
Seeks to give effect to the provisions of rule 46 of the CGST Rules, 2017.

Date: 13-12-2019
Notification No. 72/2019 – Central Tax
Seeks to notify the class of registered person required to issue invoice having QR Code.

Date: 13-12-2019
Notification No. 90/2019-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seed, Areca nut, Gold & Silver - reg.

Date: 12-12-2019
TRADE NOTICE No. 41/2019-20
Online filling and Issuance of Preferential Certificate of Origin under SAFTA and SAPTA for India's Exports to Nepal w.e.f. 18th December 2019

Date: 12-12-2019
Notification No. 35/2015-2020
Amendment in Para 2.25 of Foreign Trade Policy, 2015-20.

Date: 12-12-2019
Notification No. 63/2019 – Central Tax
Seeks to extend the due date for furnishing of return in FORM GSTR-1 for registered persons in Jammu and Kashmir having aggregate turnover more than 1.5 crore rupees for the months of July, 2019 to September, 2019

Date: 12-12-2019
Notification No. 64/2019 – Central Tax
Seeks to extend the due date for furnishing of return in FORM GSTR-1 for registered persons in Jammu and Kashmir having aggregate turnover more than 1.5 crore rupees for the month of October, 2019.



Exim Guru Copyright © 1999-2019 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001