RBI announces $5 billion rupee-dollar swap auction
pre-market1 source ↓written by the desknot a recommendation
- scheduled
- 26 May 2026
- which recently hit
- 96.96 against the US dollar
The Reserve Bank of India has announced a $5 billion USD/INR buy-sell swap auction scheduled for 26 May 2026. This move aims to provide liquidity to banks amid the rupee's decline, which recently hit 96.96 against the US dollar. The swap allows banks to exchange dollars for rupees, helping stabilize the currency and support economic activity.
Not investment advice. For informational purposes only.