Markets

India central bank net sold $280mn in spot FX market in Febraury-bulletin

Published April 10, 2013 Updated April 10, 2013 04:05pm

1 min

By Abdul Ahad

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MUMBAI: India's central bank net sold $280 million in February in the spot foreign exchange market, which included purchase of $3.02 billion of the greenback and $3.30 billion of sales, it said on Wednesday.

In January, the central bank had net sold $18 million in the spot.

The outstanding amount of forward dollar sales fell to $12.1 billion in February from $12.8 billion in January.

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