Tuesday, 29 September 2026Updated 4m ago
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Policy▼ Bearish for Indian equities

RBI’s forex blitz drains nearly $20 billion from surplus liquidity, bankers say

2 sources · first seen 12:49 29 Sept · updated 13:11 29 Sept

The brief

Written from 2 reports · check the source before you trade
  • RBI’s sell/buy swaps drained nearly $20 billion from surplus liquidity
  • The swaps pushed dollar-rupee forward premiums higher, raising dollar-hedging costs
  • Higher dollar-hedging costs affect banks and Indian companies with dollar exposure

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Read the reports

2 reports · earliest 12:49
Business LineRBI’s forex blitz drains nearly $20 billion from surplus liquidity, bankers say12:49MintRBI drains $20 billion liquidity via FX operations: What it means for rupee, rates13:11