On February 4, 2026, the Reserve Bank conducted a USD/INR Buy/Sell swap auction for a notified amount of USD 10 billion, as announced in a press release on January 23, 2026.
Summary Results:
* Aggregate amount notified: USD 10.00 billion
* Total amount bid by participants: USD 25.03 billion
* Total amount accepted: USD 10.00 billion
* Cut-off premium: 748.00 (in paisa)
Other Details (USD/INR Buy/Sell Swap Auction):
* Number of bids received: 317
* Bid to cover ratio: 2.50
* Number of bids accepted: 118
* Partial allotment as % of competitive bids at cut off premium: 71.89%
* Weighted Average Premium of accepted bids: 751.66 (in paisa)
* First leg settlement date: February 6, 2026
* Second leg settlement date: February 6, 2029
The press release number is 2025-2026/2042. The Deputy General Manager (Communications) is Ajit Prasad. For further information, the Department of Communication, Central Office can be contacted at Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001. Phone number is 022-2266 0502. Website: www.rbi.org.in. Email: helpdoc@rbi.org.in.
Key Entities Referenced
Reserve Bank of India: Central bank of India, conducting a USD/INR Buy/Sell swap auction.
USD/INR Buy/Sell Swap Auction: Swap auction of US Dollars against Indian Rupees.
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
February 04, 2026
Result of the USD/INR Buy/Sell Swap Auction, February 4, 2026
Today, the Reserve Bank conducted a USD/INR Buy/Sell swap auction for a notified
amount of USD 10 billion as announced vide press release dated January 23, 2026.
I. SUMMARY RESULTS
Aggregate amount notified (USD billion) 10.00
Total amount bid by participants (USD billion) 25.03
Total amount accepted (USD billion) 10.00
Cut-off premium (in paisa) 748.00
II. OTHER DETAILS
USD/INR Buy/Sell Swap auction
No. of bids received 317
Bid to cover ratio 2.50
No. of bids accepted 118
Partial allotment as % of competitive bids at cut off 71.89%
premium
Weighted Average Premium of accepted bids (in paisa) 751.66
First leg settlement date February 6, 2026
Second leg settlement date February 6, 2029
Ajit Prasad
Press Release: 2025-2026/2042 Deputy General Manager
(Communications)