Sep 9, 2026, 3:00 PM5 views

INR/USD: India RBI Uses Currency Swaps to Reduce $115 Billion Cash Surplus

India’s central bank used currency swaps to drain cash from banks, according to people familiar with the matter, as excess funds in the financial system climbed to a record

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Reported by Bhaskar Dutta and Subhadip Sircar · Syndicated via official news feed

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