First Indian Dollar-Swap Since 2013 Lures Double Amount on Offer
A U.S. one-hundred dollar banknote and Indian ten rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

First Indian Dollar-Swap Since 2013 Lures Double Amount on Offer

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(Bloomberg) -- India’s central bank got $4.67 billion worth of bids for its first foreign-currency swap auction since the global ‘taper tantrum’ of 2013, which aimed to inject $2 billion.
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