Dollar-rupee forward premiums fall after buy/sell swap announcement

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Dollar-rupee forward premiums fall after buy/sell swap announcement - Business Standard

Quick Summary:

The RBI will conduct OMO auctions of Government of India securities totalling Rs 60,000 crore in three tranches of Rs 20,000 crore each on January 30, February 13, and February 20.

Simultaneously, global markets witnessed a broader risk-off sentiment, further impacting emerging market assets, including the rupee.

Market participants said traders adjusted their positions in response to the expected liquidity impact of the auction.