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RBI 5 billion Dollar-Rupee Swap Auction
February 4 , 2025
10 hrs 0 min
28
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- The swap auction is the part of the central bank’s latest measures to inject Rupee liquidity aggregating about Rs 1.50 lakh crore into the banking system.
- The RBI received bids from 253 participants aggregating $25.59 billion at the auction against the notified amount of $5 billion.
- The RBI will credit the Rupee funds to the current accounts of the successful bidders.
- In the reverse leg of the swap transaction, Rupee funds will be returned to the RBI along with the swap premium after six months to get the US Dollars back.
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