💨 Abstract
The Reserve Bank of India conducted a $10 billion longer-term dollar/rupee buy-sell swap auction, drawing 1.6 times the notified amount in bids. The central bank accepted 161 bids with a premium cut-off at 6.55 rupees, injecting over 870 billion rupees into the banking system.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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