RBI’s Forex Swap Auctions And The Law Of Unintended Consequences
U.S. dollar and Indian rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

RBI’s Forex Swap Auctions And The Law Of Unintended Consequences

BloombergQuintOpinion
The Reserve Bank of India has now gone through two rounds of forex swap auctions to infuse liquidity into the domestic markets. Over the auctions—conducted in March and April—RBI has pumped in clos...
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