RBI sells $2.2 bn in forex market

PRESS TRUST OF INDIA

Mumbai, Aug 10: The Reserve Bank sold over $2.2 billion from its foreign exchange reserves during the April- June quarter to arrest the continuous slide of rupee.
 Of this the central bank sold the maximum quantity of dollars in May at $1.26 billion, followed by $700 million in June. It had sold $275 million in April.
 The Indian rupee had touched a historic low of 57.32 on June 22. Overall it has declined over nine per cent in the April-June quarter.
 The central bank also purchased $778 million dollars in May and $650 in June, RBI data said.
 It further said in the forward dollar market, the RBI's outstanding sales of the US currency increased to $14.08 billion in June, from $10.31 billion in the previous month.

Lastupdate on : Fri, 10 Aug 2012 21:30:00 Makkah time
Lastupdate on : Fri, 10 Aug 2012 18:30:00 GMT
Lastupdate on : Sat, 11 Aug 2012 00:00:00 IST



  • del.icio.us
  • StumbleUpon
  • Digg
  • TwitThis
  • Mixx
  • Technorati
  • Facebook
  • NewsVine
  • Reddit
  • Google
  • LinkedIn
  • YahooMyWeb
  • Print News
  • YahooMyWeb

Code Image  Load New Code
Enter the Security code exactly as you see it in the image security code is CaSe SeNsItIvE(Cookies must be enabled)
  • MORE FROM BUSINESS

  • Kashmir

‘Enemies trying to divide Kashmiris in the name of Maslaks’

Yasin Malik Addresses Public Gathering At Tral, Gets Warm Reception  Srinagar, Aug 10: The chairman of Jammu Kashmir Liberation Front Muhammad Yasin Malik Friday said that “the enemies of freedom More


  • Srinagar City

Mirwaiz stuck in traffic jam outside Jamia Masjid

Admin caught napping in chaos on Shaher-e-Khaas roads

GK CITY CORRESPONDENT

Srinagar, Aug 10: State government’s alleged callousness towards Shaher-e-Khaas yet again came to fore this afternoon when thousands made it to Jamia Masjid Nowhatta for congregational Friday prayers but More



  • Jammu

JK experiencing 22% rainfall deficit

SHOPIAN FACING 100% PAUCITY

ABHINAV VERMA

Jammu, Aug 10: Jammu and Kashmir is experiencing around 22 percent deficiency in rainfall in the current monsoon season, the first indication of a drought like situation in the state. While the monsoon More


  • South Asia

Attique for NAM countries role to settle Kashmir

NISAR AHMED THOKAR

Islamabad, Aug 10: The former prime minister of PaK and the president of Muslim Conference Sardar Attique Ahmed Khan has urged the member countries of the Non-Aligned Movement (NAM) to come forward in More


  • World

OIC summit in Makkah

Syria,Myanmar,Palestine Under Spotlight

Jeddah, Aug 10: The tragic situation in Syria, and the crisis in Myanmar caused by the persecution of the Muslim Rohingya people of the Arakan region will figure prominently in the extraordinary Islamic More


  • Education and Career

KU launches PG diploma in disaster management

Srinagar, Aug 10 : Kashmir University’s Department of Geography and Regional Development is launching a job oriented and multidisciplinary course titled ‘Post Graduate Diploma in Disaster Management’ ( More


ADD
Designed Developed and Maintaned By Imobisoft Ltd /Algosol Software Solutions