RBI's $10 Billion Buy-Sell Currency Swap To Infuse Liquidity: What It Means For The Economy?
Автор: ET Now
Загружено: 2025-02-24
Просмотров: 2356
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RBI has conducted another dollar rupee swap in just one month gap. The Reserve Bank of India on February 21 decided to inject rupee liquidity for a longer duration through another $10 billion dollar rupee buy-sell arrangement after $5 billion dollar rupee swap less than a month ago which is set to reverse on August 4. This is the largest-ever dollar/rupee swap auction by RBI. What is this rupee dollar swap and why was it done? Pallavi Sharma explains the currency swap mechanism.
#dollar #rupee #rbi #liquidity #etnow #etnownews
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