RBI sells US$2.92 bn, becomes net seller of US Dollars in December 2021

The RBI purchased US$3.991 billion worth of US currency from the spot market in December, as stated in the Bulletin Report released in February 2022

February 17, 2022

In December, RBI turned net seller by selling US$2.917 bn in the spot market.

During November, it made a purchase of US$8.499 billion and sold the same in the spot market.

Collectively, the central bank had made a net purchase of US$68.315 billion from the spot market during FY20-21.

As December ended, the RBI made a net purchase of US$49.106 in the US market similar to the previous month.

In December, the Reserve Bank of India (RBI) turned net seller of the US currency in 2021 after it sold US$2.917 billion in the spot market. 

In the same month, it also brought US$7.475 billion from the spot market and sold US$10.392 billion, as per the Bulletin Report for February 2022. 

The RBI made a purchase of US$8.499 billion from the spot market and sold the same amount during November 2021. During December 2020, it had purchased US$3.991 billion worth of US currency from the spot market, as stated in the report. 

Collectively, the central bank had made a net purchase of US$68.315 billion from the spot market during FY20-21. It had also brought US$162.479 billion from the spot market and sold 94.164 billion in FY20-21, added the report. 

In end December, the RBI made a net purchase of US$49.106 in the US market which is similar to that of the previous month, as per the data.