Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

RBI remains net seller of US dollar in Oct, sells $7.2 billion.


Date: 12-12-2018
Subject: RBI remains net seller of US dollar in Oct, sells $7.2 billion
Mumbai: The Reserve Bank of India (RBI) continued to remain net seller of the US dollar in October, as it sold USD 7.204 billion of the greenback in the spot market, RBI data showed. 

In the reporting month, the central bank purchased USD 945 million, while sold USD 8.149 billion in the spot market, according to the data. 

In September 2018, the RBI sold USD 31 million of the US currency in the spot market on a net basis, after it bought USD 1.012 billion, while selling USD 1.043 billion. 

In October 2017, the apex bank was net buyer of US currency, after it had bought USD 1.910 billion, while sold USD 1.058 billion in the spot market. 

RBI maintains that its intervention in the foreign exchange market is to curb volatility in the rupee and not to target a level of the domestic currency. 

In FY18, the apex bank had net purchased USD 33.689 billion of US dollars from the spot market. It had bought USD 52.068 billion, while sold USD 18.379 billion. 

In FY17, the RBI had bought USD 12.351 billion of the US dollar on a net basis. 

In the forward dollar market, the outstanding net forward sales at the end of October 2018 was USD 2.888 billion, compared with USD 1.358 billion in September, according to the RBI data. 

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 28-02-2025
Notification No. 12/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 14-02-2025
Notification No. 10/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 13-02-2025
Notification No. 14/2025-Customs
Seeks to amend Notification 11/2021-Customs dated 01.02.2021 to amend AIDC rate on Bourbon whiskey

Date: 11-02-2025
NOTIFICATION No. 09/2025–Central Tax
Seeks to bring rules 2, 8, 24, 27, 32, 37, 38 of the CGST (Amendment) Rules, 2024 in to force

Date: 03-02-2025
[F. No. CBIC-190354/236/2021-TRU]
Corrigendum to Notification No. 50 of 2024 Customs, dated the 30th December, 2024.

Date: 01-02-2025
Notification No. 13/2025-Customs
Seeks to further amend notification No. 153/94-Customs dated the 13 th July, 1994.

Date: 01-02-2025
Notification No. 12/2025-Customs
Seeks to further amend notification No. 19/2019 dated 06 th July 2019.

Date: 01-02-2025
Notification No. 11/2025 – Customs
Seeks to further amend notification No. 25/2002-Customs, dated the 1st March, 2002 so as to add capital goods to the already existing list of capital goods exempted from basic customs duty for manufacture of lithium-ion battery of mobile phones and electrically operated vehicles.

Date: 01-02-2025
Notification No. 09/2025-Customs
Seeks to further amend notification No. 16/2017-Customs, dated the 20 th April, 2017 so to exempt certain drugs for supply under Patient Assistance Programme run by specified pharmaceutical companies.

Date: 01-02-2025
Notification No. 07/2025-Customs
Seeks to further amend notification No. 11/2018-Customs dated 02 th February, 2018 so as to exempt specified goods from the whole of levy of Social Welfare Surcharge.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001