RBI to hold $5 bln, 3-year dlr-rupee buy-sell swap auction Tuesday
This story was originally published at 18:23 IST on 20 May 2026
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NEW DELHI – The Reserve Bank of India will conduct a $5 billion, three-year dollar-rupee buy-sell swap auction on Tuesday, which will infuse rupee liquidity into the banking system. The auction comes at a time when banking system liquidity is near a six-week low and the dollar-rupee hedging cost has risen to an over one-month high.
Under the buy-sell swap, scheduled for 1030-1130 IST Tuesday, the RBI will buy dollars for immediate delivery and will sell them for delivery after three years. The settlement date of the second leg of the auction is May 29, 2029. "The auction would be a multiple price-based auction, i.e., successful bids will get accepted at their respective quoted premium," the RBI said in a release.
The central bank last held a dollar-rupee buy-sell swap auction on Feb. 4, where it set a cut-off premium of 748 paise at the three-year $10 billion dollar-rupee buy-sell swap. End
Reported by Shubham Rana
Edited by Akul Nishant Akhoury
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