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Economy

Central bank purchases $50 million from banks after three-month hiatus

The central bank has resumed dollar purchases, acquiring $50 million from four commercial banks following a three-month pause.

The Business Standard ยท 1 September 2026, 11:50 PM

After a hiatus lasting three months, the central bank has resumed its purchase of US dollars from the market. The institution acquired $50 million from four different commercial banks, marking its first such transaction since May 20. This move comes amidst a period of declining exchange rates.