RBI's $10 Billion Currency Swap: The Ultimate Money Printer Goes Brrrr
Key Points
- The Reserve Bank of India is set to launch a $10 billion rup...
Looking to print some money but your local photocopier is broken? Fear not! The Reserve Bank of India has a fancier solution up its sleeve - a whopping $10 billion dollar-rupee swap auction. That's right, while most banks are counting pennies, the RBI is about to make it rain rupees!
Show Me The Money, Honey!
The RBI's latest financial magic trick, scheduled for February 28, aims to inject approximately ₹87,000 crore into the banking system over three years. Perfect timing, considering the banking system is running on fumes with a deficit of ₹1.87 lakh crore as of February 20. Talk about ...
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