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 ....
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