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Feb 11, 2016
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RBI net sells $179 million in December
The Reserve Bank of India (RBI) sold $179 million (net) in the spot exchange markets in December, said its monthly bulletin released on Wednesday.It bought $2.620 billion and sold $2.799 billion. It had purchased $15 million (net) in November.Its outstanding forward purchases at the end of December were at nearly $2 billion, compared to $1.5 billion in November.In the exchange-traded currency derivatives market, the RBI intervened to a level of $1.2 billion in December, compared to nearly $2.4 billion in November.
Source -
http://www.thehindubusinessline.com
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