RBI remains net seller of US dollar in March; sells $5.699 bn

MUMBAI: The Reserve Bank of India (RBI) remained a net seller of the US currency in March after it sold $5.699 billion in the spot market on a net basis, according to the central bank data.

While the central bank purchased $20.25 billion from the spot market, it sold $25.949 billion in March 2021, the monthly bulletin for May 2021 released by the RBI on Monday showed.

In February 2021 too, the apex bank was the net seller of the US currency after it had bought $23.352 billion and sold $24.571 billion in the spot market.


In FY2019-20, the central bank had net purchased $45.097 billion. It had bought $72.205 billion and sold $27.108 billion in the spot market.

In the forward dollar market, the outstanding net purchase at the end of March 2021 was $72.751 billion, compared to a net purchase of $73.201 billion in February 2021, the data showed.