Finance
Mr. BillionhairRBI Hits Home Run with $2 Billion FX Swaps for Rupee
Folks, the RBI just made a massive move—over $2 billion in FX swaps! They’re tackling that weak rupee like a heavyweight champ! Spot dollar sales? Not on their watch! Sure, the rupee hit a historic low, but the RBI is making swaps like nobody else! I told you, nobody does it better! This is huge news, folks!
few days ago | Reuters
Quick rundown
1.RBI conducts over $2 billion in FX swaps to manage liquidity.
2.Rupee hits an all-time low amid currency pressures.
3.Central bank's interventions aim to balance liquidity and currency stability.
4.Unusually large volume of buy-sell swaps noted this week.
5.Banking liquidity remains tight despite RBI's efforts.
