Rbi Dollar Purchase

The RBI said on Tuesday it will infuse Rs 15,000 crore into the financial system through bond purchases on Thursday

The rupee registered a new all-time low against the US dollar on Wednesday, slipping below the 73 mark for the first time ever. A surge in crude oil prices - which held near their highest level since 2014 - along with demand for the dollar and strength of the greenback overseas hurt the rupee, according to analysts. Extended weakness in the rupee c...

The rupee declined against US dollar on Monday, despite measures announced by the central bank to support the currency. The rupee dipped by 36 paise to 72.84 against the US dollar, reported news agency Press Trust Of India (PTI). The Reserve Bank of India (RBI) announced plans to purchase government bonds worth Rs 36,000 crore to boost liquidity i...

The rupee collapsed to hit a new low of 72.67 against the US dollar today, reported news agency Press Trust of India (PTI). The fall in the rupee is due to widening trade deficit and strong demand for the US currency from importers as the greenback strengthened against other currencies overseas on upbeat US jobs data, forex dealers were quoted as s...

Borrowing in dollars to purchase rupee assets earned 3.1 percent since the end of June, the highest carry returns in Asia after Indonesia, data compiled by Bloomberg show.

The Reserve Bank of India remained a net purchaser of dollars for three consecutive months of the current fiscal year after it bought $1.92 billion in June from the spot market.

The Reserve Bank of India (RBI) has capped weekly dollar purchases by oil refiners to pay off their debts to Iran in order to avoid pressure on the rupee, three sources said on Monday.

India's foreign exchange reserves swelled to a record high of $360 billion for the week ended April 1, largely on account of the Reserve Bank of India's dollar purchases to rein in the rupee's strength as foreign funds poured into Indian financial markets, analysts said.

After remaining a net purchaser of dollars for two consecutive months, the Reserve Bank of India net sold $179 million in December at the spot market.

The central bank bought $5.530 billion from the market, while it sold $4.965 billion in the reporting month, RBI said in monthly bulletin release on Monday.

In May last year too, RBI was a net purchaser of the US currency after it bought $7.98 billion while it sold $6.19 billion from the spot market.

The Reserve Bank of India became a net purchaser of US dollars in the first month of the current fiscal year after it net bought $5.431 billion from the spot market.

But efforts by the government and the central bank to narrow the current account deficit and the election of Prime Minister Narendra Modi have sparked a sharp turnaround: foreign investors have purchased a net $43.4 billion in shares and bonds this year, allowing India to outperform most emerging markets.

After remaining a net purchaser of the US currency for the first four months of the current fiscal year (2014-15), the Reserve Bank of India (RB) sold $511 million in August from the spot market.

The Reserve Bank of India (RBI) became net purchaser of dollars for a second consecutive month in May this fiscal year, buying $1.786 billion from the spot market.

The RBI said on Tuesday it will infuse Rs 15,000 crore into the financial system through bond purchases on Thursday

The rupee registered a new all-time low against the US dollar on Wednesday, slipping below the 73 mark for the first time ever. A surge in crude oil prices - which held near their highest level since 2014 - along with demand for the dollar and strength of the greenback overseas hurt the rupee, according to analysts. Extended weakness in the rupee c...

The rupee declined against US dollar on Monday, despite measures announced by the central bank to support the currency. The rupee dipped by 36 paise to 72.84 against the US dollar, reported news agency Press Trust Of India (PTI). The Reserve Bank of India (RBI) announced plans to purchase government bonds worth Rs 36,000 crore to boost liquidity i...

The rupee collapsed to hit a new low of 72.67 against the US dollar today, reported news agency Press Trust of India (PTI). The fall in the rupee is due to widening trade deficit and strong demand for the US currency from importers as the greenback strengthened against other currencies overseas on upbeat US jobs data, forex dealers were quoted as s...

Borrowing in dollars to purchase rupee assets earned 3.1 percent since the end of June, the highest carry returns in Asia after Indonesia, data compiled by Bloomberg show.

The Reserve Bank of India remained a net purchaser of dollars for three consecutive months of the current fiscal year after it bought $1.92 billion in June from the spot market.

The Reserve Bank of India (RBI) has capped weekly dollar purchases by oil refiners to pay off their debts to Iran in order to avoid pressure on the rupee, three sources said on Monday.

India's foreign exchange reserves swelled to a record high of $360 billion for the week ended April 1, largely on account of the Reserve Bank of India's dollar purchases to rein in the rupee's strength as foreign funds poured into Indian financial markets, analysts said.

After remaining a net purchaser of dollars for two consecutive months, the Reserve Bank of India net sold $179 million in December at the spot market.

The central bank bought $5.530 billion from the market, while it sold $4.965 billion in the reporting month, RBI said in monthly bulletin release on Monday.

In May last year too, RBI was a net purchaser of the US currency after it bought $7.98 billion while it sold $6.19 billion from the spot market.

The Reserve Bank of India became a net purchaser of US dollars in the first month of the current fiscal year after it net bought $5.431 billion from the spot market.

But efforts by the government and the central bank to narrow the current account deficit and the election of Prime Minister Narendra Modi have sparked a sharp turnaround: foreign investors have purchased a net $43.4 billion in shares and bonds this year, allowing India to outperform most emerging markets.

After remaining a net purchaser of the US currency for the first four months of the current fiscal year (2014-15), the Reserve Bank of India (RB) sold $511 million in August from the spot market.

The Reserve Bank of India (RBI) became net purchaser of dollars for a second consecutive month in May this fiscal year, buying $1.786 billion from the spot market.