![RBI’s $5 Billion Swap Maturity Escalates Cash Dollar Demand By Investing.com RBI’s $5 Billion Swap Maturity Escalates Cash Dollar Demand By Investing.com](https://shmi.ir/wp-content/uploads/2023/10/1698186158_RBIs-5-Billion-Swap-Maturity-Escalates-Cash-Dollar-Demand-By-150x203.jpg)
[ad_1] © Reuters. The maturity of the Reserve Bank of India’s (RBI) $5 billion swap has led to an increased demand for cash dollars and a significant drop in the overnight swap rate. The swap, initiated in April 2022, was designed to provide dollar liquidity to banks, a measure now being phased out, obliging participating