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.
Psyche is a NASA mission to study a metal-rich asteroid, it was launched from which Space Centre?
Who among the following pioneered the movement in the support of widow remarriage and girls’ education in Andhra region?
Which of the following Fundamental Rights is not suspended when a Proclamation of Emergency in operation according to the Indian Constitution?
'Promotion of educational and economic interests of Scheduled Castes, Scheduled Tribes and other weaker sections' comes under which Article of Indian co...
Which of the following is a non-conventional source of energy?
The Comptroller and Auditor General of India is the head of the Indian Audit and Accounts Department. Which article deals with the CAG?
Which of the following country is the new member in the BRICS group of nations?
What was the prime target of the first five-year plan of India?
Which Indian state is renowned for the distinctive Longpi (Nungbi) Pottery, known for being crafted without a potter's wheel?
A Governor shall, notwithstanding the expiration of his term, continue to hold office until __________.
