MUMBAI, India, Feb. 28 -- Reserve Bank of India issued the following press release:
Today, the Reserve Bank conducted a USD/INR Buy Sell swap auction for a notified amount of USD 10 billion as announced videpress release dated February 21, 2025.
I. SUMMARY RESULTS
Aggregate amount notified (USD Billion) 10.00 Total amount bid by participants (USD Billion) 16.23 Total amount accepted (USD Billion) 10.06 Cut-off premium (in paisa) 655.10 II. OTHER DETAILS
USD/INR Buy Sell Swap auction No. of bids received 244 Bid to cover ratio 1.62 No. of bids accepted 161 Partial allotment as % of competitive bids at cut-off premium NA Weighted Average Premium of accepted bids (in paisa) 673.29 First leg settlement date March 04, 2025 Second leg settlem...