{"id":36764,"date":"2025-08-07T09:00:45","date_gmt":"2025-08-07T03:30:45","guid":{"rendered":"https:\/\/edunovations.com\/currentaffairs\/?p=36764"},"modified":"2025-08-07T09:00:47","modified_gmt":"2025-08-07T03:30:47","slug":"rbi-dollar-rupee-swap","status":"publish","type":"post","link":"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/","title":{"rendered":"RBI Dollar Rupee Swap 2025: No Rollover for $5 Billion Forex Deal"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/#RBI_dollar_rupee_swap_2025_matured_on_August_4_without_rollover_absorbing_%E2%82%B943000_crore_liquidity_Know_how_this_impacts_banking_forex_and_exam-relevant_current_affairs\" >RBI dollar rupee swap 2025 matured on August 4 without rollover, absorbing \u20b943,000 crore liquidity. Know how this impacts banking, forex, and exam-relevant current affairs.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/#RBI_to_Deliver_5_Billion_Dollar%E2%80%91Rupee_Swap_Without_Rollover\" >RBI to Deliver $5 Billion Dollar\u2011Rupee Swap Without Rollover<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/#Overview_of_the_Swap_Operation\" >Overview of the Swap Operation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/#RBIs_Decision_Amid_Surplus_Liquidity\" >RBI\u2019s Decision Amid Surplus Liquidity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/#Impact_on_System_Liquidity\" >Impact on System Liquidity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/#Market_Response_and_Stability\" >Market Response and Stability<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/#Strategic_Liquidity_Management_by_RBI\" >Strategic Liquidity Management by RBI<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/#Why_This_News_Is_Important\" >Why This News Is Important<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/#For_Banking_and_Monetary_Policy_Exams\" >For Banking and Monetary Policy Exams<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/#For_Economy%E2%80%91Focused_Exams_eg_SSC_CAPF_IAS\" >For Economy\u2011Focused Exams (e.g., SSC, CAPF, IAS)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/#Historical_Context\" >Historical Context<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/#Origins_of_the_2025_Swap_Programme\" >Origins of the 2025 Swap Programme<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/#Evolution_of_RBIs_Liquidity_Tools\" >Evolution of RBI\u2019s Liquidity Tools<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/#Precedents_of_Swap_Delivery\" >Precedents of Swap Delivery<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/#Key_Takeaways_from_RBI_Dollar%E2%80%91Rupee_Swap_Decision\" >Key Takeaways from RBI Dollar\u2011Rupee Swap Decision<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/#FAQs_%E2%80%93_Frequently_Asked_Questions\" >FAQs \u2013 Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/#1_What_is_a_dollar-rupee_swap_by_the_RBI\" >1. What is a dollar-rupee swap by the RBI?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/#2_Why_did_RBI_not_roll_over_the_5_billion_swap_in_August_2025\" >2. Why did RBI not roll over the $5 billion swap in August 2025?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/#3_How_much_liquidity_will_be_absorbed_by_this_swap_maturity\" >3. How much liquidity will be absorbed by this swap maturity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/#4_What_was_the_maturity_date_of_the_5_billion_RBI_swap\" >4. What was the maturity date of the $5 billion RBI swap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/#5_Will_this_impact_banking_operations_or_market_rates\" >5. Will this impact banking operations or market rates?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/edunovations.com\/currentaffairs\/banking\/rbi-dollar-rupee-swap\/#Some_Important_Current_Affairs_Links\" >Some Important Current Affairs Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"RBI_dollar_rupee_swap_2025_matured_on_August_4_without_rollover_absorbing_%E2%82%B943000_crore_liquidity_Know_how_this_impacts_banking_forex_and_exam-relevant_current_affairs\"><\/span><strong>RBI dollar rupee swap 2025<\/strong> matured on August 4 without rollover, absorbing \u20b943,000 crore liquidity. Know how this impacts banking, forex, and exam-relevant current affairs.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"RBI_to_Deliver_5_Billion_Dollar%E2%80%91Rupee_Swap_Without_Rollover\"><\/span><strong>RBI to Deliver $5 Billion Dollar\u2011Rupee Swap Without Rollover<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Overview_of_the_Swap_Operation\"><\/span><strong>Overview of the Swap Operation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Reserve Bank of India (RBI) has confirmed delivery of a <strong>$5\u202fbillion dollar\u2011rupee buy\u2011sell swap<\/strong>, maturing on <strong>August 4, 2025<\/strong>, instead of opting for a rollover. Introduced in January 2025, the six\u2011month swap was executed to inject rupee liquidity into the banking system by buying dollars in exchange for rupees. At maturity, the RBI sells dollars and withdraws rupees, absorbing liquidity from the system. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"RBIs_Decision_Amid_Surplus_Liquidity\"><\/span><strong>RBI\u2019s Decision Amid Surplus Liquidity<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">India\u2019s banking system currently enjoys a significant liquidity surplus\u2014estimated at over \u20b93.60\u202flakh crore, equivalent to around 1.5% of total deposits\u2014well above the RBI\u2019s comfort zone of 1%. As a result, the RBI deemed rollover unnecessary and allowed the swap to mature normally, draining rupee liquidity without destabilizing markets. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Impact_on_System_Liquidity\"><\/span><strong>Impact on System Liquidity<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">By delivering the swap, the RBI absorbs approximately <strong>\u20b943,000 crore<\/strong> from the banking system, tightening liquidity modestly but not significantly. Money market indicators such as the cash\u2011tomorrow swap rate\u2014quoted at 0.34\/0.35 paisa (around 5.8% annualised)\u2014reflect minimal disturbance and comfortably track near the interbank call rate. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Market_Response_and_Stability\"><\/span><strong>Market Response and Stability<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Bankers and economists widely agree that the RBI\u2019s move is unlikely to cause volatility in money markets. Traders have not observed state bank intervention or large secondary swap activity, signaling confidence in the system\u2019s capacity to absorb the liquidity impact. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Strategic_Liquidity_Management_by_RBI\"><\/span><strong>Strategic Liquidity Management by RBI<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Under Governor Sanjay Malhotra, the RBI continues to leverage a mix of tools\u2014open market operations, CRR cuts, variable rate repo auctions, and long\u2011term dollar\u2011rupee swaps (e.g., a three\u2011year $10\u202fbillion swap)\u2014to precisely calibrate liquidity, maintain currency stability, and support economic activity without over\u2011stimulating credit growth. <\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\" id=\"RBI-dollar-rupee-swap\"><img decoding=\"async\" src=\"https:\/\/images.indianexpress.com\/2023\/10\/dollar.jpg?w=389\" alt=\"RBI dollar rupee swap\" style=\"width:539px;height:auto\" title=\"RBI dollar rupee swap\"\/><figcaption class=\"wp-element-caption\">RBI dollar rupee swap<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_This_News_Is_Important\"><\/span><strong>Why This News Is Important<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"For_Banking_and_Monetary_Policy_Exams\"><\/span><strong>For Banking and Monetary Policy Exams<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This event illustrates how the <strong>RBI manages liquidity<\/strong> using FX swaps as part of its broader toolkit. Understanding the swap mechanism and its timing is essential for questions on <strong>liquidity management<\/strong>, <strong>monetary transmission<\/strong>, and <strong>central bank operations<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"For_Economy%E2%80%91Focused_Exams_eg_SSC_CAPF_IAS\"><\/span><strong>For Economy\u2011Focused Exams (e.g., SSC, CAPF, IAS)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The decision to deliver the swap instead of rollover signals that India\u2019s <strong>rupee liquidity is ample<\/strong>, reducing reliance on emergency measures. It demonstrates the RBI\u2019s <strong>commitment to calibrated liquidity absorption<\/strong> to control inflation and maintain financial stability.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Historical_Context\"><\/span><strong>Historical Context<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Origins_of_the_2025_Swap_Programme\"><\/span><strong>Origins of the 2025 Swap Programme<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Amid tight liquidity in early 2025, the RBI initiated multiple dollar\u2011rupee swap operations totaling <strong>$25\u202fbillion<\/strong>, including a key <strong>$5\u202fbillion six\u2011month swap in January<\/strong> and a <strong>$10\u202fbillion three\u2011year swap in February<\/strong>. These were designed to inject rupees and stabilize funding conditions. <a href=\"https:\/\/m.economictimes.com\/news\/economy\/finance\/rbi-to-settle-5-billion-dollar-rupee-swap-without-rollover-say-bankers\/articleshow\/123090001.cms?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noreferrer noopener\">Informist Media+4The Economic Times+4ETCFO.com+4<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Evolution_of_RBIs_Liquidity_Tools\"><\/span><strong>Evolution of RBI\u2019s Liquidity Tools<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Over recent years, the RBI has increasingly employed currency swaps, open-market operations, repo operations, and CRR adjustments as essential instruments to maintain macro\u2011financial stability. These tools work together to manage both short-term liquidity and currency valuation. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Precedents_of_Swap_Delivery\"><\/span><strong>Precedents of Swap Delivery<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">In March 2024, the RBI allowed a similar <strong>$5\u202fbillion swap to mature without rollover<\/strong>, helping replenish forex reserves while drawing down rupee liquidity\u2014 setting a precedent for the current more technical yet familiar decision.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Takeaways_from_RBI_Dollar%E2%80%91Rupee_Swap_Decision\"><\/span><strong>Key Takeaways from RBI Dollar\u2011Rupee Swap Decision<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>S. No.<\/th><th>Key Takeaway<\/th><\/tr><\/thead><tbody><tr><td>1.<\/td><td>RBI delivered the <strong>$5\u202fbillion dollar\u2011rupee swap<\/strong>, maturing on <strong>August\u202f4,\u202f2025<\/strong>, without rollover.<\/td><\/tr><tr><td>2.<\/td><td>Delivery involves <strong>selling dollars and absorbing rupees<\/strong>, withdrawing \u20b943,000 crore from system liquidity.<\/td><\/tr><tr><td>3.<\/td><td>Current <strong>liquidity surplus (~\u20b93.6\u202flakh crore; ~1.5% of deposits)<\/strong> justified non\u2011rollover.<\/td><\/tr><tr><td>4.<\/td><td><strong>Money markets remained stable<\/strong>, with swap rates close to call rate, indicating smooth market absorption.<\/td><\/tr><tr><td>5.<\/td><td>Reflects RBI\u2019s calibrated liquidity strategy combining FX swaps, CRR cuts, and open market operations.<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">RBI dollar rupee swap<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_%E2%80%93_Frequently_Asked_Questions\"><\/span><strong>FAQs \u2013 Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_What_is_a_dollar-rupee_swap_by_the_RBI\"><\/span>1. What is a dollar-rupee swap by the RBI?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A dollar-rupee swap is a forex operation where the RBI buys or sells dollars in exchange for rupees with an agreement to reverse the transaction after a specified period. It helps manage liquidity in the banking system.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Why_did_RBI_not_roll_over_the_5_billion_swap_in_August_2025\"><\/span>2. Why did RBI not roll over the $5 billion swap in August 2025?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The RBI decided not to roll over the swap because the banking system already had surplus rupee liquidity. Rolling it over was unnecessary as liquidity tightening was required.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_How_much_liquidity_will_be_absorbed_by_this_swap_maturity\"><\/span>3. How much liquidity will be absorbed by this swap maturity?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The maturity of the $5 billion swap will absorb approximately \u20b943,000 crore from the banking system.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_What_was_the_maturity_date_of_the_5_billion_RBI_swap\"><\/span>4. What was the maturity date of the $5 billion RBI swap?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The $5 billion swap matured on <strong>August 4, 2025<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Will_this_impact_banking_operations_or_market_rates\"><\/span>5. Will this impact banking operations or market rates?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">No major disruptions are expected. The money markets remained stable, and swap rates were in line with the call money rate, suggesting minimal impact.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Important_Current_Affairs_Links\"><\/span>Some Important Current Affairs Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/national\/\" target=\"_blank\" rel=\"noreferrer noopener\">State Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/sports\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sports Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--3\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/international\/\" target=\"_blank\" rel=\"noreferrer noopener\">International Current Affairs<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/banking\/\" target=\"_blank\" rel=\"noreferrer noopener\">Banking Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/railway\/\" target=\"_blank\" rel=\"noreferrer noopener\">Railways Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" 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href=\"https:\/\/edunovations.com\/currentaffairs\/category\/news-and-notifications\/\" target=\"_blank\" rel=\"noreferrer noopener\">News and Notifications<\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.edunovations.quiz\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg\" alt=\"Download this App for Daily Current Affairs MCQ&#039;s\" class=\"wp-image-247\" title=\"\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-300x50.jpg 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-768x128.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">Download this App for Daily Current Affairs MCQ&#8217;s<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\" id=\"News-Website-Development-Company\"><a href=\"https:\/\/www.martindiainfotech.com\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png\" alt=\"News Website Development Company\" class=\"wp-image-438\" title=\"News Website Development Company\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner-300x50.png 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner-768x128.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">News Website Development Company<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>RBI dollar rupee swap 2025 matured on August 4 without rollover, absorbing \u20b943,000 crore liquidity. Know how this impacts banking, forex, and exam-relevant current affairs. RBI to Deliver $5 Billion Dollar\u2011Rupee Swap Without Rollover Overview of the Swap Operation The Reserve Bank of India (RBI) has confirmed delivery of a $5\u202fbillion dollar\u2011rupee buy\u2011sell swap, maturing&#8230;<\/p>\n","protected":false},"author":6,"featured_media":36801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,144],"tags":[23361,26170,26169,2817,26166,26168,26167],"class_list":["post-36764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-economy_finance","tag-banking-current-affairs","tag-central-bank-news","tag-forex-swap","tag-monetary-policy","tag-rbi-august-2025-news","tag-rbi-operations","tag-rupee-liquidity"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/36764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/comments?post=36764"}],"version-history":[{"count":2,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/36764\/revisions"}],"predecessor-version":[{"id":36802,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/36764\/revisions\/36802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media\/36801"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media?parent=36764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/categories?post=36764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/tags?post=36764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}