Aug 03, 2022

RBI announces dollar-rupee swap window: Central Bank is acting proactively, says Narayan of SPJIMR

The rupee ended the day at 74.22 to the dollar against Wednesday’s close of 73.65 to the dollar. As the rupee continued to depreciate, the Reserve Bank of India (RBI) has announced a six month US dollar sell and buy swaps to provide liquidity to the forex market.

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