{"id":93076,"date":"2022-02-25T11:31:28","date_gmt":"2022-02-25T06:01:28","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=93076"},"modified":"2022-02-25T11:31:31","modified_gmt":"2022-02-25T06:01:31","slug":"rbi-announces-dollar-rupee-two-year-sell-buy-swap-auction","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/rbi-announces-dollar-rupee-two-year-sell-buy-swap-auction\/","title":{"rendered":"RBI announces dollar\/rupee two-year sell buy swap auction&nbsp;"},"content":{"rendered":"\n<p>The&nbsp;Reserve Bank of India (RBI)&nbsp; announced a US Dollar\/Rupee two-year sell buy swap auction with a view to elongating the maturity profile of its forward book and smoothen the receivables relating to forward assets.<\/p>\n\n\n\n<p>The Central bank will undertake a sell\/buy swap auction of $5 billion, which will enable access to a wider set of market participants. RBI will conduct a spot sale to sell&nbsp;USD 5 billion&nbsp;to banks in exchange of rupees, through this auction on March 10, 2022.<\/p>\n\n\n\n<p>On&nbsp;March 11, 2024,&nbsp;it will make a forward purchase from banks in two years. The forward purchase will help in reducing RBI\u2019s current foreign exchange reserves and increase its two-year forward USD purchases.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Reserve Bank of India (RBI)&nbsp; announced a US Dollar\/Rupee two-year sell buy swap auction with a view to elongating the maturity profile of its forward book and smoothen the receivables relating to forward assets. The Central bank will undertake a sell\/buy swap auction of $5 billion, which will enable access to a wider set of [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":93077,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3043],"tags":[64],"offerexpiration":[],"class_list":["post-93076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-february-2022","tag-reserve-bank-of-india-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/93076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=93076"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/93076\/revisions"}],"predecessor-version":[{"id":93078,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/93076\/revisions\/93078"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/93077"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=93076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=93076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=93076"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=93076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}