The latest move marks a shift towards larger and longer-tenor operations as the RBI seeks to absorb liquidity generated by its measures to attract foreign inflows to shore up the rupee

India's foreign exchange reserves surged to $716.91 billion, rising nearly $50 billion in seven weeks as RBI measures attracted massive dollar

Steps taken by RBI in early June hel avert what could have been an unprecedented third year of a deficit in India’s broadest measure of money flowing in and out of the economy.