RBI becomes net seller of dollar in Dec; sells $2.92 bn
16 Feb 2022 11:02 PM IST
Mumbai: The Reserve Bank of India (RBI) turned net seller of the US currency in December 2021 after it sold $2.917 billion on a net basis in the spot market.
In the reporting month, the RBI bought $7.475 billion and sold $10.392 billion in the spot market, the RBI Bulletin for February 2022 released on Wednesday showed.
In November 2021, the RBI had purchased $8.489 billion from the spot market and sold a similar amount in the market.
In December 2020, the central bank had net purchased $3.991 billion of the US currency from the spot market.
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