Question

According to the Reserve Bank of India’s (RBI’s) monthly bulletin ,the central bank recorded a net total of $1.5 billion in foreign currency sales in September & purchased ________ and sold $29.3 billion worth of foreign currency within the same period.

Q: Answer-According to the Reserve Bank of India’s (RBI’s) monthly bulletin ,the central bank recorded a net t...

According to the Reserve Bank of Indias RBIs monthly bulletin ,the central bank recorded a net total of 1.5 billion in foreign currency sales in September. During the same period, the RBI purchased 27.8 billion and sold 29.3 billion worth of foreign currency. During the second quarter of the current financial year, the RBI acquired a net total of 1.9 billion in foreign currency, a significant decrease from the 33.7 billion recorded in the same quarter of the previous financial year 2022-23.