💨 Abstract

The Reserve Bank of India's $5 billion 6-month dollar/rupee buy-sell swap auction was oversubscribed five-fold, with a total of $25.59 billion in bids from 253 participants. The swap aims to infuse rupee liquidity into the banking system, part of a larger plan to inject 1.5 trillion rupees. The RBI accepted $5.1

Courtesy: theprint.in

Summarized by Einstein Beta 🤖