# Dollar-rupee swap, open market operations: RBI plans steps to inject cash | Economy & Policy News - Business Standard

> The Reserve Bank of India plans at least one more rupee-dollar swap after the election and open market operations of up to Rs 500 billion over two months. The aim is to inject liquidity and lower interest rates to support slowing growth. Growth slowed to 6.6 percent in October-December.

- Date: 2019-05-07 · published 2019-05-07T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/59361-dollar-rupee-swap-open-market-operations-rbi-plans-steps-to-inject-cash-economy
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Looser Indian monetary policy supports domestic demand for meat and dairy and therefore feed demand, but the effect on global feed prices is small. The swap may also weigh on the rupee.

## Read by commodity

- USDINR: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/economy-policy/dollar-rupee-swap-open-market-operations-rbi-plans-steps-to-inject-cash-119050700420_1.html

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