RBI plans $10 billion dollar-Re swap to improve liquidity – The Times of India
MUMBAI: In a move aimed at improving liquidity in the banking system, the RBI has said that it will conduct a USD/INR buy/sell swap auction on Feb 28 to inject Rs 86,000 crore into the banking system. The auction, aimed at meeting long-term liquidity needs, will involve a $10 billion swap with a three-year tenor….