RBI to conduct 3-year dollar-rupee buy-sell swap auction at 1030-1130 IST on Jan 13
This story was originally published at 19:30 IST on 24 December 2025
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--RBI to hold $10 bln, 3-yr dlr-rupee buy-sell auction 1030-1130 IST Jan 13
MUMBAI – The Reserve Bank of India will conduct a three-year $10 billion dollar-rupee buy-sell swap auction between 1030 IST and 1130 IST on Jan. 13, the central bank said in a release Wednesday. The swap will be reversed on Jan. 16, 2029.
Tuesday, the RBI had also announced that it will buy INR 2 trillion of government bonds through open market operations in four tranches across December and January. The central bank has offered to buy the 6.79%, 2029; the 7.61%, 2030; the 7.26%, 2033; the 6.79%, 2034; the 6.67%, 2035; the 7.18%, 2037, and the 7.30%, 2053 gilts at the INR-500-billion OMO auction Monday.
Market participants at the dollar-rupee buy-sell swap auction will place their bids in terms of the premium they are willing to pay the RBI in paise up to two decimal places, according to the release. The auction will be multiple-price-based. The result will be announced the same day.
The RBI will decide the quantum of the dollar amount to be accepted. It reserves the right to accept bids for less than the aggregate amount, to accept marginally higher than the notified amount due to rounding off, or to accept or reject any or all bids, wholly or partially, without giving any reason. End
US$1 = INR 89.78
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by J. Navya Sruthi
Edited by Rajeev Pai
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