Udayavni Special

RBI remains net buyer of dollars in Nov, purchases USD 6.9 bn from spot market


PTI, Jan 14, 2020, 10:56 AM IST

Mumbai: The Reserve Bank of India remained a net purchaser of the US dollar in November as it bought USD 6.928 billion from the spot market, central bank data showed.

The RBI had bought USD 7.458 billion of the greenback and sold USD 530 million in the spot market in the reporting month.

In October, the RBI had net bought USD 7.102 billion of the US currency.

It had purchased USD 7.302 billion and sold USD 200 million in the spot market.

In November 2018, the RBI had net sold USD 644 million, buying USD 3.127 billion from the spot market and selling USD 3.771 billion.

In FY19, the apex bank was a net seller of dollars, offloading USD 15.377 billion in the spot market. It had bought USD 40.804 billion and sold USD 56.181 billion in the year to March 2019.

In FY18, the RBI had net purchased USD 33.689 billion from the spot market. Its total dollar purchase was at USD 52.068 billion, while it sold only USD 18.379 billion.

In the forward dollar market, the outstanding sales at the end of November stood at USD 6.143 billion, compared to the sale of USD 7.473 billion in October, the data showed.

So what can now be done for just one dollar? Recall that at the current rate, $1 this is just a bit more than 71 rupees. For this money, you can buy 3.5 liters of milk, one loaf of white bread, or less than 300 grams of chicken. With this money you can’t feed even one person a day, not a family. But you can try to multiply this money. Where can you invest $1 in 2020 to get fast and ргпу profit? Online casinos come to the rescue! Such casinos have many advantages – they are easy to reach, easy to manage and you can play them directly from your mobile phone.

Everyone knows that the casino has huge amounts of money. That is why, they go towards ordinary players and offer to try their luck at $1 deposit mobile casino. You just need to go to the site from a mobile browser, or download a free program on your Android or iPhone and deposit only one dollar into your account. After 5 seconds, you will be able to find out if you are a new slumdog millionaire.

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