RBI turns net purchaser of US dollar in May, buys $4.363 billion

The central bank in May 2019 had bought $2.538 billion of the greenback on a net basis. It had purchased $ 5.118 billion and sold $2.580 billion in the spot market in May 2019

After being net seller of the US currency in the first month of this fiscal, the Reserve Bank of India (RBI) turned net purchaser in May as it bought $4.363 billion of the greenback on net basis, according to RBI data.

During the month, the RBI bought $4.663 billion from the spot market while sold $300 million.

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

The central bank in May 2019 had bought $2.538 billion of the greenback on a net basis. It had purchased $ 5.118 billion and sold $2.580 billion in