RBI Net Purchaser of $5.87 Billion From Spot Forex Market in April

The Reserve Bank of India (RBI) was a net purchaser of dollars in the first month of the current fiscal year after it bought $5.87 billion from the spot market. During the month, the apex bank purchased $7.85 billion from the market and it sold $1.98 billion, RBI data released on Tuesday showed. In March, the RBI bought $8.752 billion and sold $970 million; thereby becoming a net buyer of $7.782 billion. In the previous fi...