Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial
Charts & Analysis

RBI Sells over $1Bn in June 2013


The RBI, in it’s monthly bulletin, reveals how much it bought or sold the dollar, with a lag of three months. We are now being given June 2013 data, when the RBI has sold over $2.2 billion in the spot market, to protect the rupee from falling.

RBI Trades the Dollar

You can see here that the selling is the highest since June 2012. However, the RBI did unwind forward sales (which is as good as buying) to the extent of about 800 million dollar. Net sales were 1.3 billion dollars.

When we see the data for July it will probably show more sales. After all the $ is at 61 today and it’s quite likely the RBI has done more to defend it.


Like our content? Join Capitalmind Premium.

  • Equity, fixed income, macro and personal finance research
  • Model equity and fixed-income portfolios
  • Exclusive apps, tutorials, and member community
Subscribe Now Or start with a free-trial