RBI to inject $10 billion via forex swap to curb cash crunch

India’s central bank plans to inject $10 billion via a foreign exchange swap to alleviate a cash crunch in the banking system. The three-year swap auction on Feb. 28 will provide rupee liquidity and may reduce short-term rates as banks face fiscal year-end challenges.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *