The Reserve Bank of India's $5 billion dollar/rupee swap auction attracted bids worth nearly $10 billion, highlighting robust demand amid efforts to stabilize the weakening rupee.
The auction drew bids of nearly $10 billion
May 26, 2026
04:16 pm
What's the storyThe Reserve Bank of India (RBI) has witnessed a massive response to its three-year dollar/rupee buy-sell swap.
The auction drew bids of nearly $10 billion, nearly double the amount on offer.
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RBI's FX swap auction attracted nearly $10 billion in bids, underscoring strong demand amid a weakening rupee.
The Reserve Bank of India (RBI) on Tuesday announced a $5 billion USD/INR buy-sell swap auction scheduled for May 26 as part of…
The Reserve Bank of India (RBI) on Wednesday announced a $5 billion dollar-rupee swap auction aimed at injecting long-term…
The Reserve Bank of India is considering interest rate hikes and currency swaps to stabilize the rupee after it hit an all-time…
The Reserve Bank of India (RBI) sold an estimated $2 billion to $3 billion on Thursday to defend the rupee against sustained…
The resumption of dollar sale by the RBI, comes around the time when the rupee opened at 96.30 in the onshore spot market.
