RBI swap auction

All you need to know about RBI swap auction

The Reserve Bank of India has recently conducted the Dollar-Rupee (USD/INR) swap auction. This is being done in order to increase rupee liquidity in the market. The size of this auction is $5 billion, and the tenor is three years. What is RBI’s ‘swap auction’? The RBI has different tools through which it injects liquidity …

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