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 Reserve Bank of India is exploring multiple options to stabilize the rupee, which recently hit a fresh low. These include a potential interest rate hike, increased currency…

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.

RBI's FX swap auction attracted nearly $10 billion in bids, underscoring strong demand amid a weakening rupee.