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RBI To Conduct $5-Billion Sell, Swap Auction On May 26: What You Need To Know
The Reserve Bank of India has announced that it will conduct a $5 billion buy/sell/swap auction to inject liquidity into the financial system on May 26. The auction is slated to take place from 10:30 a.m. to 11:30 a.m. and will have a tenor of three years, according to the central bank's official release. RBI uses the swap mechanism to inject ...
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