Forex Swap Auction

Saturday, Apr 20, 2024 | Last Update : 08:30 AM IST

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

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

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