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| **Key Aspect**               | **Details** |
|------------------------------|-------------|
| **Event**                    | RBI announces **$5 billion USD-INR buy/sell swap auction** for long-term liquidity injection. |
| **Tenor**                    | **3-year** swap duration. |
| **Mechanism**                | - RBI buys USD from banks and provides INR liquidity.<br>- Banks agree to repurchase USD after 3 years. |
| **Objective**                | - Improve **rupee liquidity** in banking system.<br>- Support **financial stability** amid global volatility. |
| **Liquidity Tools Compared** | Other RBI tools: **Repo/Reverse Repo, Open Market Operations (OMOs), CRR adjustments**. |

Key Aspect	Details
Event	RBI announces $5 billion USD-INR buy/sell swap auction for long-term liquidity injection.
Tenor	3-year swap duration.
Mechanism	- RBI buys USD from banks and provides INR liquidity.- Banks agree to repurchase USD after 3 years.
Objective	- Improve rupee liquidity in banking system.- Support financial stability amid global volatility.
Liquidity Tools Compared	Other RBI tools: Repo/Reverse Repo, Open Market Operations (OMOs), CRR adjustments.

RBI Announces $5 Billion USD-INR Swap Auction to Boost Liquidity