# Reserve Bank of India conducts $10 bn forex swap to inject liquidity | Finance News - Business Standard

> 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.

- Date: 2025-02-28 · published 2025-02-28T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/26313-reserve-bank-of-india-conducts-10-bn-forex-swap-to-inject-liquidity-finance
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

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.

## Read by commodity

- USDINR: bearish ▼

## Sources

- business-standard.com: https://www.business-standard.com/finance/news/reserve-bank-of-india-s-10-bn-forex-swap-auction-receives-1-5-times-bids-125022801027_1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.