Mega Announcement Of RBI, Massive $10 Billion Forex Swap To Infuse Rupee Liquidity | Top News
February 22, 2025
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2:39Now PlayingMega Announcement Of RBI, Massive $10 Billion Forex Swap To Infuse Rupee Liquidity | Top News
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as posted by the channelIndia’s central bank is set to inject $10 billion into the banking system through a foreign-exchange swap to address liquidity concerns. The Reserve Bank of India announced on Friday that the three-year swap auction will take place on February 28. Under this mechanism, the RBI will purchase dollars from banks in exchange for rupees, with a commitment to sell them back at a later date, effectively increasing rupee liquidity in the system. Watch the full video to know more and follow Mirror Now for the latest updates.
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#rbi #rupee #dollar #forex #forexswap #rbiforexswap #usdollar #rbiswap #usd #englishnews #latestnews #mirrornow
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