# Large Indian banks preparing for maturity of cenbank's $5 bln fx swap

> The $5 billion dollar/rupee swap the Reserve Bank of India undertook in April 2022 matures on Monday, allowing up to $5 billion to be withdrawn from the banking system. Large Indian banks are preparing for the resulting possible dollar shortage.

- Date: 2023-10-18 · published 2023-10-18T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/33910-large-indian-banks-preparing-for-maturity-of-cenbank-s-5-bln-fx-swap
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A potential dollar shortage in India can weaken the rupee and raise the cost of dollar-denominated feed and oilseed imports.

## Read by commodity

- USDINR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/india/large-indian-banks-preparing-maturity-cenbanks-5-bln-fx-swap-2023-10-18/

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