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RBI net absorbed $561 million in June as inflows picked up
In June, the Reserve Bank of India engaged in net purchases of $561 million from foreign exchange markets, showcasing its response to significant capital inflows into India. Following its dollar sales in April and May to stabilize the rupee, the central bank recorded nearly $73 billion in inflows from early June to August. Moreover, the RBI's gold reserves remained steady at 880.52 metric tonnes.
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economictimes.indiatimes.com
India raises $73 bn in forex inflows at record pace
India has mobilised $73 billion in foreign exchange inflows in less than 11 weeks, surpassing the scale and pace of the RBIs 2013 FCNR(B) swap scheme, the finance ministry said.
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Where has India’s $73 billion gone? Inside the RBI’s great dollar haul
India has mobilised about $73 billion in foreign currency in under 11 weeks, largely through FCNR(B) deposits, yet the rupee remains near ₹95-96 per dollar. The inflows are…
