
Finance
RBI's Swap Auction: A Huge Hit with Bids Galore!
The Reserve Bank of India hosted a thrilling dollar/rupee swap auction, attracting a whopping 222 bids totaling $10.35 billion! They accepted 118 bids, showing strong demand thanks to good dollar liquidity. This swap will settle on Thursday and last for three years, part of a bigger liquidity boost. So, relax, folks, the rupee is holding strong for now!






