On February 4, 2026, the Reserve Bank conducted a USD/INR Buy/Sell swap auction for a notified amount of USD 10 billion. The total amount bid by participants was USD 25.03 billion and the total amount accepted was USD 10.00 billion with a cut-off premium of 748.00 (in paisa).
Other details of the auction include the number of bids received: 317; bid to cover ratio: 2.50; and the number of bids accepted: 118. Partial allotment as % of competitive bids at cut off premium was 71.89% and the Weighted Average Premium of accepted bids was 751.66 (in paisa). The first leg settlement date is February 6, 2026, and the second leg settlement date is February 6, 2029.
The press release number is 2025-2026/2042. For communications, contact Ajit Prasad, Deputy General Manager.
Key Entities Referenced
Reserve Bank of India: Central Bank of India, conducting the USD/INR Buy/Sell swap auction.
USD/INR Buy/Sell Swap Auction: Auction conducted by the Reserve Bank of India to manage liquidity.
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)