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Published on 11/07/2018 5:09:08 PM | Source: Reuters

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

Posted in Top News| #RBI #Economy #Banking Sector

MUMBAI  - 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)