RBI announces USD/INR sell-buy swaps for $5 billion on April 26 - Moneycontrol

The RBI stated in a release that authorised dealers (ADs) category 1 banks will be eligible to participate in the auction and that the USD/INR swap will be in the nature of a simple sell/buy foreign exchange swap from the Reserve Bank’s side.

The Reserve Bank of India (RBI) on March 29 announced that it has decided to undertake a sell/buy swap auction of $5 billion between 10.30 am and 11.30 am on April 26, 2022, to elongate the maturity … [+1737 chars]

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