RBI's Swap Auction: A Huge Hit with Bids Galore!

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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!

| Anjali Kumari
rbi's swap auction: a huge hit with bids galore!