
Lukmaan IAS
February 25, 2025 at 07:50 AM
Prelims Mantra
Prelims Mantra (Day-9)
"RBI $10 bn buy-sell swap:
RBI decided to inject rupee liquidity for longer duration through $10 billion dollar-rupee buy-sell swap arrangement.
In this swap, a bank will sell US dollars to RBI and simultaneously agrees to buy the same amount of US dollars at the end of swap period"
https://blog.lukmaanias.com/2025/02/22/prelims-mantra-day-9/