Thursday, Apr 02, 2020 | Last Update : 02:25 AM IST

forex swap auction

RBI sets high cut-off at forex swap auction, forward rates jump

The cut-off levels, much higher than the market ones, showed the excess dollar liquidity in the system, dealers said.

24 Apr 2019 8:36 AM

RBI’s $5 bn forex swap auction proves a hit

Earlier this month, the RBI had announced that it would buy dollars from banks for three years and offer them rupees in return.

27 Mar 2019 1:41 AM