RBI announces $5 billion rupee-dollar swap auction
after close1 source ↓written by the desknot a recommendation
- 26 May 2026
- the rupee hit
- 96.96 against the dollar
The Reserve Bank of India is set to conduct a $5 billion USD/INR buy-sell swap auction on 26 May 2026. This move comes after the rupee hit 96.96 against the dollar, highlighting the need for liquidity in the banking system. The swap aims to stabilize the currency and support lending activities, crucial for economic momentum.
Not investment advice. For informational purposes only.