RBI's USD-INR swap attracts $10.3 billion bids
pre-market1 source ↓written by the desknot a recommendation
- received bids totaling
- $10.35 billion
- dollar-rupee buy-sell swap
- $5 billion
- accepting
- $5.07 billion
- via a two-day
- ₹49,791 crore
- through a 10-day
- ₹77,379 crore
The Reserve Bank of India (RBI) received bids totaling $10.35 billion for its $5 billion dollar-rupee buy-sell swap program, accepting $5.07 billion. This three-year swap aims to inject durable liquidity into the market, enhancing the transmission of policy rate cuts. Additionally, the RBI infused ₹49,791 crore via a two-day variable rate repo auction and ₹77,379 crore through a 10-day auction.
Not investment advice. For informational purposes only.