At $43 billion, RBI’s net dollar purchase hits new high
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Mumbai: The Reserve Bank of India (RBI) made a record net purchase of $43.26 billion in the spot foreign exchange market in August as it absorbed dollars amid inflows from the FCNR(B) scheme. However, these purchases did not translate into an equivalent…
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Economic TimesRBI net forex buys hit a record $43 billion in August, balances it with swaps
Mumbai: The Reserve Bank of India (RBI) made a record net purchase of $43.26 billion in the spot foreign exchange market in August as it absorbed dollars amid inflows from the FCNR(B) scheme.…
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Times of IndiaAt $43 billion, RBI’s net dollar purchase hits new high Read on Times of India
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NDTVIran Caps Dollar Purchases At $1,000 Per Day Amid Sanctions-Hit Economy
According to Fars news agency, under the latest rules for banks and exchange offices, buyers may purchase up to $10,000 in total, capped at $1,000 per day.
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