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Date: 16/03/2020
RBI Announces USD/INR Sell Buy Swap

On a review of current financial market conditions and taking into consideration the requirement of US Dollars in the market, it has been decided to undertake another 6-month US Dollar sell/buy swap auction to provide liquidity to the foreign exchange market. 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
2 March 23, 2020 9.30AM-11.00AM March 26, 2020 September 25, 2020

Operational guidelines, eligibility criteria and other details, as given in press release 2019-2020/2049 dated March 12, 2020, would remain the same.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2019-2020/2073

 
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