RBI’s $10 Billion Forex Swap Oversubscribed More Than 2x, Cutoff Rate Set At Rs 5.86

The Reserve Bank of India (RBI) held an auction on Monday to boost rupee liquidity and the 3-year dollar/rupee buy-sell swap auction was oversubscribed by a little over two times, with the cutoff rate set at Rs 5.86.What Will The Reserve Bank Do With This Swap?As part of the swap

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