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RBI Plans $5 Billion Swap Auction to Inject Liquidity

RBI announces $5 billion swap auction on May 26 to boost liquidity in the financial system.

Michael Brown
ByMichael Brown- Senior Editor
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The Reserve Bank of India (RBI) will conduct a $5 billion USD/INR buy/sell swap auction on May 26 to inject liquidity into the financial system.

The auction has a three-year tenor and will run from 10:30 AM to 11:30 AM.

This mechanism allows the RBI to inject rupee liquidity while managing foreign exchange reserves.

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RBI Plans $5 Billion Swap Auction to Inject Liquidity | Bond.az