RBI's FX swap auction attracted nearly $10 billion in bids, underscoring strong demand amid a weakening rupee.
The Reserve Bank of India's
three-year dollar/rupee buy-sell swap drew strong demand on
Tuesday, with the auction receiving bids of nearly $10 billion,
almost twice the size of the auction.The central bank accepted 141 bids at the FX swap auction,
with the premium cut-off set at ₹9.10. It had received a
RBI's dollar-rupee swap auction subscribed nearly twice over
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The Reserve Bank of India's $5 billion dollar/rupee swap auction attracted bids worth nearly $10 billion, highlighting robust…
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