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      Question

      What is the amount of the record forex swap auction that

      RBI will conduct on February 28, 2025?
      A $5 billion Correct Answer Incorrect Answer
      B $7 billion Correct Answer Incorrect Answer
      C $8 billion Correct Answer Incorrect Answer
      D $10 billion Correct Answer Incorrect Answer
      E $12 billion Correct Answer Incorrect Answer

      Solution

      The Reserve Bank of India (RBI) will conduct a $10 billion dollar/rupee buy/sell swap auction on February 28, 2025, marking its largest-ever swap auction. In this swap, RBI will buy dollars for immediate delivery and sell them for delivery after three years, reversing on March 6, 2028. This move is aimed at addressing liquidity tightness in the financial system.

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