RBI Executes $10 Billion Currency Swaps To Drain Surplus Liquidity And Manage Inflation Risks
The Reserve Bank of India (RBI) has conducted currency swaps worth at least $10 billion in recent weeks as part of efforts to reduce excess liquidity in the financial system and manage inflation concerns. According to a report by Bloomberg, the central bank carried out sell-buy dollar-rupee swaps with lenders over the past two weeks, with contracts ranging from one month to nearly six months.…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
