Current Affairs · Banking and Finance
Consider the following statements regarding a recent $10 billion Foreign Exchange (FX) swap auction by the Reserve Bank of India (RBI): 1. The auction was oversubscribed by 1.6 times, with banks submitting a total of $16.23 billion worth of bids. 2. The auction aimed to sell dollars and absorb liquidity from the banking system, with a cut-off premium of 655.10 paise. 3. This move was part of the RBI's liquidity management strategy. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2, and 3✓
- 21 and 2 only
- 32 and 3 only
- 41 and 3 only
Correct answer
1, 2, and 3
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