MUMBAI, India, March 10 -- Reserve Bank of India issued the following press release:
As announced vide the Press Release 2024-2025/2305 dated March 05, 2025, the Reserve Bank will be conducting a USD/INR Buy/Sell swap auction of USD 10 billion for a tenor of thirty-six months.
The details of the auction are as under:
Swap Amount
(USD Billion) Auction date Auction Time Near Leg/Spot Date Far Leg Date 10 March 24, 2025 10.30 AM to 11.30 AM March 26, 2025 March 27, 2028
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 auct...