RBI gets over 2x bids, higher premium for $10-billion swap auction

The RBI’s $10 billion buy-sell swap auction received $22.3 billion in bids, more than double the notified amount, with an average premium of 592 paisa. The move aims to address banking liquidity deficits, with final settlement in March 2028. The RBI’s $10 billion buy-sell swap auction received $22.3 billion in bids, more than double the notified amount, with an average premium of 592 paisa. The move aims to address banking liquidity deficits, with final settlement in March 2028.  Economic Times