RBI to take steps to infuse liquidity
- In first leg of the transaction, RBI will buy dollars in the spot market from dealers in exchange for the rupee
- During the current fiscal year, the central bank has injected over ₹2.36 trillion worth of liquidity
New Delhi: In a move to infuse liquidity into the market, the Reserve Bank of India (RBI) on Wednesday said it will conduct a three-year buy-sell swap for the rupee through an auction process. RBI will buy $5 billion on 26 March for a period of three years and reverse it through sales at pre-determined rates fixed via auction.
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