RBI sets 910 paise cut-off at 3-year dollar-rupee buy-sell swap auction
This story was originally published at 15:37 IST on 26 May 2026
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--RBI sets 910.00 paisa cut-off at 3-year dollar-rupee buy-sell swap auction
--RBI accepted bids worth $5 bln at dollar-rupee buy-sell swap auction
--RBI received bids worth $9.80 bln at dollar-rupee buy-sell swap auction
--RBI accepted 141 bids at dollar-rupee buy-sell swap auction
--RBI received 254 bids at dollar-rupee buy-sell swap auction
--RBI says 920.64 paisa weighted avg premium for dollar-rupee buy-sell swap
NEW DELHI – The Reserve Bank of India set a cut-off premium of 910 paise at the auction of its three-year, $5-billion dollar-rupee buy-sell swap Tuesday. Under the buy-sell swap, the RBI has bought dollars for immediate delivery, and will sell them for delivery after three years. The median of an Informist poll of 16 foreign exchange dealers saw the cut-off premium at 900 paise.
Of the 254 bids worth $9.80 billion received, the RBI accepted 141 bids worth $5.00 billion at the swap auction. The weighted average premium of accepted bids was 920.64 paise, the RBI said. Market participants had expected the swap to draw strong participation from large corporates and banks. Through the swap auction, the central bank aims to infuse durable rupee liquidity into the banking system.
The central bank auctioned buy-sell swaps worth $5 billion using the multiple-price method. Competitive bids were submitted from 1030 IST to 1130 IST. The first leg of the settlement will take place on Friday and the swap will reverse on May 29, 2029. End
US$1 = INR 95.68
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Divya Moolayattil
Edited by Avishek Dutta
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