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Bloomberg reports that the RBI's $5 billion three-year dollar-rupee swap auction may be repeated if it is seen as a success. The RBI buys dollars from banks and supplies rupees, which adds to its reserves and injects liquidity before the fiscal year-end.
The tool could become a recurring source of rupee liquidity and affects how much the RBI leans on the rupee. Any change in the currency's path would matter for India's import costs, but the feed-price impact is limited.
thehindubusinessline.comBloombergMar 26, 2019Not 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.
