Today, the Reserve Bank conducted USD/INR Sell Buy swap auction for a notified amount of USD 2 billion as announced vide press release dated March 16, 2020. I. SUMMARY RESULTS | Aggregate amount notified by RBI (USD Billion) | 2.00 | | Total amount bid by participants (USD Billion) | 1.53 | | Total amount accepted by RBI (USD Billion) | 0.65 | | Cut-off premium (in paisa) | 196.00 | II. DETAILS OF THE AUCTION | USD/INR Sell Buy Swap auction | | No. of bids received | 42 | | Total bid amount (in USD billion) | 1.53 | | Bid to cover ratio | 0.77 | | No. of bids accepted | 14 | | Total amount accepted by RBI (in USD billion) | 0.65 | | Cut-off premium (in paisa) | 196.00 | | Partial allotment as % of competitive bids at cut off premium | - | | Weighted Average Premium of accepted bids (in paisa) | 188.50 | | First leg settlement date | March 26, 2020 | | Second leg settlement date | September 25, 2020 | Ajit Prasad
Director Press Release: 2019-2020/2103
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