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The Reserve Bank of India allotted $10.06 billion of a $10 billion three-year dollar-rupee buy-sell swap after receiving $16.23 billion of bids on Friday. The cut-off premium of 6.55 rupees was below market expectations, and this was the second swap auction after a $5 billion six-month swap on January 31.
The RBI liquidity injection eases rupee funding pressure and supports the currency, which marginally lowers the cost of dollar-priced imports for Indian feed buyers.
business-standard.comAnjali KumariFeb 28, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
