Dollar–Rupee Swap Auction

On 21st February, 2022, the Reserve Bank of India (RBI) announced a US Dollar/Rupee two-year sell buy swap auction with a view to elongating the maturity profile of its forward book and smoothen the receivables relating to forward assets.

  • The auction date is set for March 8, 2022 and the spot date or the date on which the transaction must be settled is March 10, 2022.
  • The swap will be in the nature of a simple sell/buy foreign exchange swap from the RBI side. A bank will buy US Dollars from the Central bank and simultaneously agree to sell the same ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Economy Watch