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RBI announces $5 billion dollar-rupee swap

March 29, 2022

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RBI announces $5 billion dollar-rupee swap



In an attempt to soak up liquidity from the system, the Reserve Bank of India (RBI) on Tuesday announced a $5 billion rupee-dollar swap — the second one this year. The auction will be multiple-price-based in other words, successful bids will be accepted at their respective quoted premiums. The market watchers observe that the swap […]

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