
RBI announces longer-tenor USD/Rupee swap auction to infuse $10 bn equivalent Rupee liquidity
The Reserve Bank of India (RBI) may be killing two birds – attracting Dollars and infusing Rupee liquidity — with a single stone via the US Dollar/Rupee Buy/Sell auction of three-years tenor for $10 billion it will conduct on on February 28. The longer tenor swap could encourage Banks to mobilise longer tenor Foreign Currency...
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