The RBI said in the monthly bulletin that it had purchased $27.5 billion and sold $36.78 billion during October. As against this, the central bank has bought a net of $9.64 billion in the spot market in September.
October was the most volatile month for the rupee, with the foreign funds deserting the domestic equities and Donald Trump winning the US presidential polls. On October 10, the rupee was well above 84 (83.95) but it closed at the lowest on Tuesday at 85.207 to the dollar, losing 125 paise in six weeks.
This story is from the December 25, 2024 edition of The New Indian Express Tadepalligudem.
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This story is from the December 25, 2024 edition of The New Indian Express Tadepalligudem.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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