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Dollar-Rupee Rate: The Reserve Bank has said that it will soon purchase dollars to inject Indian currency into the system and release rupees to the banks. Along with this, RBI has also planned to issue securities worth Rs 1 lakh crore.
New Delhi. The Reserve Bank has made a strong plan to stop the continuous decline in the Indian currency against the dollar. RBI has announced the swap of dollar and rupee on December 16, 2025. RBI said on Monday that to inject additional cash into the financial system next week, RBI has made a plan to swap dollar-rupee. The purpose of this step is to inject additional money into the system and also to strengthen the rupee against the dollar.
The Reserve Bank of India has said that it will auction $ 5 billion (about Rs 45,000 crore) on December 16 for the purchase and sale of US dollar-Indian rupee swaps. This will be done to inject additional cash into the financial system. Right now the rupee has gone below the level of 90 against the dollar. The aim of RBI is that if rupees are injected into the system by purchasing dollars then the Indian currency will get strengthened.
How will the dollar-rupee exchange happen?
Under this process, all the banks will sell dollars to RBI and in return RBI will give rupees to the banks. This increases the quantity of rupees in the financial system. The central bank said that this swap will be a simple foreign currency buy/sell swap on behalf of the Reserve Bank. At the end of the swap period, banks agree to buy back the same amount of US dollars.
For how long will the exchange take place
RBI said that on December 16, an auction will be held to buy and sell Indian Rupee worth 5 billion dollars for a period of 36 months. Under this, the minimum bid size will be one crore dollars and after that bids can be made in multiples of one million dollars. Its objective is to issue rupees by purchasing dollars from the Indian financial system. This will increase the quantity of Indian currency in the system and strengthen it.
Will also sell securities worth Rs 1 lakh crore
The Reserve Bank will not only buy and sell dollars, but will also issue securities in two phases on December 11 and December 18. Securities worth Rs 50-50 thousand crore will be issued in both the phases. In this way, RBI has planned to auction securities worth Rs 1 lakh crore. RBI said that it will continuously monitor the changing liquidity position and market conditions and will take necessary steps to ensure liquidity.
