RBI Press Release

Swap Auction, March 24, 2025: Results

Today, the Reserve Bank conducted a USD/INR Buy/Sell swap auction for a notified amount of USD 10 billion as announced vide press release dated March 10, 2025.

I. Summary Results

Aggregate amount notified (USD Billion) 10.00
Total amount bid by participants (USD Billion) 22.28
Total amount accepted (USD Billion) 10.04
Cut-off premium (in paisa) 586.00

II. Other Details

USD/INR Buy Sell Swap auction
No. of bids received 325
Bid to cover ratio 2.23
No. of bids accepted 96
Partial allotment as % of competitive bids at cut-off premium N/A
Weighted Average Premium of accepted bids (in paisa) 592.32
First leg settlement date March 26, 2025
Second leg settlement date March 27, 2028

Ajit Prasad          
Deputy General Manager
(Communications)    

Press Release: 2024-2025/2446