⚡ Impact 71
Counts until Tue 27 Oct close
Economic Times Markets
·8 hours, 4 minutes ago
RBI_POLICYUSD_INRFII_FLOW
The Reserve Bank of India recorded a net purchase of $43.26 billion in August's foreign exchange market. This was done to manage significant dollar inflows from the FCNR(B) scheme and overseas borrowings. Despite the net purchase, foreign exchange reserves did not increase due to large forex sell/buy swaps. By August 31, measures attracted over $127 billion, aiding the RBI's operations.
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