RBI INTRODUCES USD/RS SELL-BUY SWAPS AS RUPEE HIT AN ALL-TIME LOW

Highlights: 

• The rupee fell to 74.48 in intraday trading 
• RBI calms market with the buy-sell swap offer 
• The swap will be conducted through auctions 
• The first batch of tranches will be auctioned in March for $2 

The day for the Indian rupee started with an all-time low of 74.48 in intraday trades on the interbank market. On the heels of this lifetime....