India’s central bank injected $5 billion through a foreign-exchange swap auction, deploying the tool for the first time since March as signs of liquidity strain emerge among lenders.
India’s central bank injected $5 billion through a foreign-exchange swap auction, deploying the tool for the first time since March as signs of liquidity strain emerge among lenders.
The Reserve Bank of India headquarters building in Mumbai. Photographer: Dhiraj Singh/Bloomberg