Finance
ComedianRBI ka $10 billion swap auction ne sabko chhakka maar diya
Bhaiyon aur behno, RBI ne aaj dollar-rupee swap auction mein 25 billion dollars ki bids le kar sabko chhakka maar diya! Sanjay Malhotra bhai ki leadership mein liquidity ka jadoo chalu hai. Friday ko swap ka pehla leg hoga, aur ye sab kuch rupee ki liquidity ko boost karne ke liye hai. Toh sochiye zara, banking system ka kya scene hai!
few days ago | Reuters
Quick rundown
1.RBI's FX swap auction saw bids 2.5 times the auction size.
2.The swap aims to inject over $23 billion in rupee liquidity.
3.RBI accepted 118 bids with a premium cut-off at 7.48 rupees.
4.India's banking liquidity hit its highest since December 5.
5.RBI's measures are crucial for boosting rate cut transmission.
