RBI to hold second round of dollar-rupee swap auction
Updated : April 01, 2019 18:39:42 IST
The new swap auction tool is meant to provide the central bank greater flexibility in managing banking system cash, while helping soak up any potential large dollar inflows that could make the rupee rise sharply.
In the first round, the central bank set a premium of Rs7.76 and accepted the entire planned $5 billion on sale.
Published : April 01, 2019 06:38 PM IST