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RBI remains net purchaser of US dollars in June, buys $9.814 billion

In May, the RBI had bought $4.663 billion and sold $300 million in the spot market. It had net purchased $4.363 billion in May

Mexican pesos and US dollar banknotes are seen in this picture illustration (Reuters)
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In FY20, the central bank net purchased $45.097 billion. It had bought $72.205 billion while sold $27.108 billion in the spot market.

Press Trust of India Mumbai
The Reserve Bank of India (RBI) remained net purchaser of the US currency for the second consecutive month in June after it bought $9.814 billion of the greenback on a net basis, according to RBI data.

During the reporting month, the RBI had bought $14.847 billion from the spot market while it sold $5.033 billion, RBI data showed.

In May, the RBI had bought $4.663 billion and sold $300 million in the spot market. It had net purchased $4.363 billion in May.

In April, the central bank had sold $1.142 billion on a net basis.

The RBI was a net