The Reserve Bank of India Governor announced that the upcoming dollar–rupee swap facility will run for three years and will be executed within this month. This forms part of the central bank’s broader liquidity and stability operations following today’s policy actions.
Earlier in the briefing, the Governor said liquidity in the system is currently in surplus, supported by measures such as ₹1 trillion in OMO purchases and an upcoming $5 billion USD swap. He added that transmission has been broad-based across sectors and remains satisfactory.
The RBI also highlighted the strength of India’s external buffers, stating that as of November 28, India’s forex reserves stood at $686 billion.
The Governor reiterated that these measures—combined with stable inflation, strong GDP growth momentum, and healthy financial conditions—aim to support orderly market functioning while ensuring adequate liquidity.
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