Question
The recent RBI $5 billion USD/INR swap is expected to
drain approximately how much liquidity from the system?Solution
In a USD/INR buy/sell swap, the RBI sells dollars and buys rupees to absorb liquidity. The second leg of this $5 billion swap is expected to drain ₹43,000 crore from the system. However, given the surplus liquidity (₹4.09 lakh crore), the overall impact on liquidity conditions remains limited.
Match list I and list II.
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