You are here: Home » Reuters » News
Business Standard

RBI net sold $5.8 billion in spot forex in May - bulletin

Reuters  |  MUMBAI 

MUMBAI (Reuters) - The Reserve Bank of India (RBI) net sold $5.8 billion in the spot forex market in May, compared with $2.5 billion in April, according to data published in its monthly bulletin on Wednesday.The central bank's net outstanding forward dollar purchase stood at $11.25 billion as of May-end, compared with $17.39 billion in April, the bulletin showed. (Reporting by Suvashree Dey Choudhury; Editing by Subhranshu Sahu)(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, July 11 2018. 17:00 IST