Capitalmind
Capitalmind
Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial
Premium

RBI Goes Ballistic: Buys $22 Billion in May 2014 (Freemium)

In May 2014, RBI went on the offensive against the rupee. Instead of disrupting the rupee market - where massive buys would create issues - the RBI bought forward contracts, worth $20.6 Billion, the largest single month purchase ever. In the spot market, the RBI bought about $1.7 billion. That took the month’s purchases to $22.3 billion.

(Source: RBI Bulletin)

For the RBI, this is the biggest single month purchase of the dollar, ever. And still, the dollar fell:

Much of the other side must be speculation, because the RBI buying didn . . .

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