scorecardresearchRBI turns net seller of US currency in June; sells $3.719 billion

RBI turns net seller of US currency in June; sells $3.719 billion

Updated: 19 Aug 2022, 08:09 AM IST
TL;DR.
In the reporting month, the central bank purchased USD 18.96 billion from the spot market and sold USD 22.679 billion, according to the RBI monthly bulletin for August 2022 released on Thursday.
On Wednesday, the Reserve Bank of India (RBI) announced it had cancelled the banking licence of the beleaguered Pune-based Rupee Cooperative Bank, and directed the Registrar of Cooperative Societies to liquidate the bank (HT FILE PHOTO)

On Wednesday, the Reserve Bank of India (RBI) announced it had cancelled the banking licence of the beleaguered Pune-based Rupee Cooperative Bank, and directed the Registrar of Cooperative Societies to liquidate the bank (HT FILE PHOTO)