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RBI does dollar/rupee swap for $5 billion, injects liquidity

by pulseadmin January 31, 2025, 11:56 pm 180 Views

The Reserve Bank of India (RBI) conducted a dollar-rupee buy/sell swap for $5 billion on Friday, with the transaction to be reversed on August 4. The RBI received bids worth five times the notified amount at $25.6 billion.

In a buy-sell swap, the RBI buys dollars from financial institutions in…

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RBI does dollar/rupee swap for $5 billion, injects liquidity

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Written by pulseadmin

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