MUMBAI, India, March 24 -- 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 vide press release dated March 10, 2025.
I. Summary Results
Aggregate amount notified (USD Billion) 10.00 Total amount bid by participants (USD Billion) 22.28 Total amount accepted (USD Billion) 10.04 Cut-off premium (in paisa) 586.00 II. Other Details
USD/INR Buy Sell Swap auction No. of bids received 325 Bid to cover ratio 2.23 No. of bids accepted 96 Partial allotment as % of competitive bids at cut-off premium N/A Weighted Average Premium of accepted bids (in paisa) 592.32 First leg settlement date March 26, 2025 Second leg settleme...