MUMBAI, India, May 20 -- Reserve Bank of India issued the following press release:
On a review of current and evolving liquidity conditions, it has been decided to conduct a USD/INR Buy/Sell swap auction of USD 5 billion for a tenor of three years.
The details of the auction are as under:
Swap Amount
(USD Billion) Auction date Auction Time Near Leg/Spot Date Far Leg Date 5 May 26, 2026 10:30 AM to 11:30 AM May 29, 2026 May 29, 2029
The market participants would be required to place their bids in terms of the premium that they are willing to pay to the Reserve Bank for the tenor of the swap, expressed in paisa terms up to two decimal places. The auction cut-off would be based on the premium. The auction would be a multiple price-based ...