On December 16, 2025, the Reserve Bank conducted a USD/INR Buy/Sell swap auction for a notified amount of USD 5 billion. The total amount bid by participants was USD 10.35 billion, with USD 5.07 billion accepted at a cut-off premium of 765.00 paisa.
The auction received 222 bids, resulting in a bid to cover ratio of 2.07. 118 bids were accepted. The weighted average premium of accepted bids was 777.57 paisa. The first leg settlement date is December 18, 2025, and the second leg settlement date is December 18, 2028.
For communications, contact Ajit Prasad, Deputy General Manager. The press release number is 2025-2026/1713. For additional information, visit www.rbi.org.in or email helpdoc@rbi.org.in. The phone number is 022-2266 0502.
Key Entities Referenced
USD/INR Buy/Sell Swap auction: Auction conducted by the Reserve Bank of India to manage USD/INR exchange rates.
Reserve Bank of India: The central bank of India, responsible for conducting the USD/INR Buy/Sell swap auction.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व ब ैंक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
December 16, 2025
Result of the USD/INR Buy/Sell Swap Auction, December 16, 2025
Today, the Reserve Bank conducted a USD/INR Buy/Sell swap auction for a notified
amount of USD 5 billion as announced vide press release dated December 08, 2025.
I. Summary Results
Aggregate amount notified (USD billion) 5.00
Total amount bid by participants (USD billion) 10.35
Total amount accepted (USD billion) 5.07
Cut-off premium (in paisa) 765.00
II. Other Details
USD/INR Buy/Sell Swap auction
No. of bids received 222
Bid to cover ratio 2.07
No. of bids accepted 118
Partial allotment as % of competitive bids at cut off premium -
Weighted Average Premium of accepted bids (in paisa) 777.57
First leg settlement date December 18, 2025
Second leg settlement date December 18, 2028
Ajit Prasad
Press Release: 2025-2026/1713 Deputy General Manager
(Communications)