RBI’s $5 Billion Dollar/Rupee Swap:
The Reserve Bank of India (RBI) has announced a $5 billion dollar/rupee Buy–Sell swap auction scheduled for December 16, 2025, intended to strengthen its ability to stabilise the rupee without drawing down India’s foreign exchange reserves. The rupee recently breached the psychologically crucial ₹90-per-dollar mark, prompting the central bank to deploy a strategy previously used in early 2025 to curb volatility.
