Category: DOLLOR

The central bank bought $ 10.7 billion worth of dollars in the forward market in August. In comparison, it bought $ 8.5 billion worth of dollars in the spot market. In August, the Reserve Bank of India (RBI) bought more dollars from the forward market than the spot market. This is the first time in six years. The reason for this is that the central bank did not want any pressure on the liquidity of the rupee by buying dollars from its spot market. According to RBI data, the central…

The dollar sign achieve 0.02% to 93.07.   The Indian rupee operate with passable gains of 3 paise at 73.13 against the U.S. dollar in the opening session on Monday, follow mushy crude oil prices and assist buying in domestic equities. The domestic unit started off the session on a big way at 73.10, up 6 paise, but give up some ground as trade proceed and quoted 73.13 a dollar at 1020 hours. The domestic currency had liquidate 8 paise higher at 73.16 a dollar on Friday after the Reserve…