RBI Announces USD/INR Sell Buy Swaps

Ten News Network

Mumbai (30/03/2022): With a view to elongating the maturity profile of forward book and smoothen the receivables relating to forward assets, it has been decided to undertake a sell/buy swap auction of $5 billion on April 26, 2022. The auction will be multiple-price-based, i.e., successful bids will be accepted at their respective quoted premiums. The details of the auction are as under:

Swap Amount
(USD Billion)
Auction date Auction Time Near Leg/Spot Date Far Leg Date
5 April 26, 2022 10.30 am – 11.30 am April 28, 2022 October 23, 2023
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