# RBI's Rupee-Dollar Swap Is Fraught in an Election Year - Bloomberg

> Bloomberg reports that the RBI's unexpected three-year dollar-rupee swap caught India's currency, sovereign debt and credit markets off guard. The article questions whether the tool is sound during an election year.

- Date: 2019-03-18 · published 2019-03-18T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/60389-rbi-s-rupee-dollar-swap-is-fraught-in-an-election-year-bloomberg
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Uncertainty about the RBI's liquidity tools can move the rupee and Indian bond yields. Feed-market effects are indirect.

## Read by commodity

- USDINR: neutral

## Sources

- bloomberg.com: https://www.bloomberg.com/opinion/articles/2019-03-18/rbi-s-rupee-dollar-swap-is-fraught-in-an-election-year

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