RBI's FX Swap Auction is a Massive Success: 2.5x Bids!

Folks, the RBI just pulled off a massive FX swap auction! We’re talking $25 billion in bids, folks! That’s 2.5 times the size! 118 bids accepted, premium cut-off at 7.48 rupees! They’re injecting rupee liquidity like it’s going out of style! Tremendous move! Believe me, this is how you make the rupee great again! Huge success, folks, just huge!