Success of Rare $5 Billion India FX Swap May Spur an Encore
A pedestrian walks past the Asiatic Society of Mumbai library as the Reserve Bank of India (RBI) headquarters building stands in the background in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Success of Rare $5 Billion India FX Swap May Spur an Encore

(Bloomberg) -- The success of India’s $5 billion swap auction Tuesday will decide whether it will become a popular instrument in the central bank’s liquidity tool box.
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