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RBI Executes $10 Billion Currency Swaps To Drain Surplus Liquidity And Manage Inflation Risks

RBI Executes $10 Billion Currency Swaps To Drain Surplus Liquidity And Manage Inflation Risks
Photo: Free Press Journal · view original

The Reserve Bank of India (RBI) has conducted currency swaps worth at least $10 billion in recent weeks as part of efforts to reduce excess liquidity in the financial system and manage inflation concerns. According to a report by Bloomberg, the central bank carried out sell-buy dollar-rupee swaps...

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