India's central bank will need to inject at least another 1 trillion rupees ($11.54 billion) into the banking system by March-end as durable liquidity remains in a deficit despite a recent cash infusion,

Under such an arrangement, the central bank purchases dollars from banks in lieu of the rupee, thereby injecting liquidity into the system. This is reversed after a certain period of time at the forwa

India's central bank, the Reserve Bank of India (RBI), on Friday, February 21, announced that they have decided to conduct a $10 billion USD/INR Buy/Sell auction for the tenure of three years.

The Reserve Bank of India will conduct a massive $10 billion three-year dollar/rupee swap auction next week to infuse durable rupee liquidity into the banking system, which has been reeling under large cash deficits,