Under the swap arrangement, banks will sell US dollars to the RBI in the near leg and simultaneously agree to buy back the same amount of dollars at the end of the three-year period
The Reserve Bank of India is set to inject liquidity into the banking system through a long-term USD/INR Buy/Sell Swap auction, marking a key move to ease financial conditions at a time when liquidity needs closer attention. According to an RBI press release on Monday, the central bank will
The Reserve Bank of India (RBI) on Wednesday said that it will infuse liquidity through Open Market Operations (OMO) purchases and USD/INR Buy/Sell swap auctions.