RBI’s dollar buys near 4-year high! Reserve Bank of India’s net forex purchases hit $14.4 billion in March

Q: How long will it take to read this news story?

The story "RBI’s dollar buys near 4-year high! Reserve Bank of India’s net forex purchases hit $14.4 billion in March" has 636 words across 30 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "RBI’s dollar buys near 4-year high! Reserve Bank of India’s net forex purchases hit $14.4 billion in March" was covered 13 hours ago by Times of India, a news publisher based in India.

Q: How trustworthy is 'Times of India' news outlet?

Times of India is a fully independent (privately-owned) news outlet established in 1838 that covers mostly economy and business news. The outlet is headquartered in India and publishes an average of 40 news stories per day. It's most recent story was published 45 minutes ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #28923163</li><li>URL: https://narrow-necked.beamstart.com/news/rbis-dollar-buys-near-4-17479926674566</li></ul>

Times of India 13h ago

RBI’s dollar buys near 4-year high! Reserve Bank of India’s net forex purchases hit $14.4 billion in March - Times of India

Quick Summary:

The Reserve Bank of India's net forex acquisitions surged to a near five-year high in March, driven by dollar-rupee swaps aimed at boosting banking system liquidity.The RBI purchased $41.5 billion and sold $27.2 billion as the rupee appreciated.

The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies.

Keeping in mind that the central bank is focused on transmission of rate cuts, we don't expect meaningful reduction in the forward book, although there could be small reductions, depending on the capital inflows," she added.