The Reserve Bank Tuesday said it has raised $ 5 billion through the second tranche of the forex swap auctions, which saw an increased response--nearly over three-times the offer of $ 5 billion at $ 18.65 billion--from banks compared to the maiden auctions on held on March 26.
The central bank introduced the tool, wherein it buys dollars from banks for three years and offer them rupees in return, last month to bridge the liquidity gap.


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