On January 13, 2026, the Reserve Bank conducted a USD/INR Buy/Sell swap auction for a notified amount of USD 10 billion, as announced in the press release dated December 24, 2025.
Summary Results:
* Aggregate amount notified: USD 10.00 billion
* Total amount bid by participants: USD 29.94 billion
* Total amount accepted: USD 10.00 billion
* Cut-off premium: 728.00 (in paisa)
Other Details (USD/INR Buy/Sell Swap auction):
* No. of bids received: 348
* Bid to cover ratio: 2.99
* No. of bids accepted: 42
* Partial allotment as % of competitive bids at cut off premium: 55.75%
* Weighted Average Premium of accepted bids: 731.12 (in paisa)
* First leg settlement date: January 16, 2026
* Second leg settlement date: January 16, 2029
The press release number is 2025-2026/1909. Contact Ajit Prasad, Deputy General Manager (Communications).
Key Entities Referenced
Reserve Bank of India: The central bank of India, which conducted the USD/INR Buy/Sell swap auction
USD/INR Buy/Sell Swap auction: The subject of the press release, detailing results and key metrics
Mumbai: Location of the Reserve Bank of India's central office
press release dated December 24, 2025: Referenced document announcing the auction
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
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
January 13, 2026
Result of the USD/INR Buy/Sell Swap Auction, January 13, 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 December 24, 2025.
I. SUMMARY RESULTS
Aggregate amount notified (USD billion) 10.00
Total amount bid by participants (USD billion) 29.94
Total amount accepted (USD billion) 10.00
Cut-off premium (in paisa) 728.00
II. OTHER DETAILS
USD/INR Buy/Sell Swap auction
No. of bids received 348
Bid to cover ratio 2.99
No. of bids accepted 42
Partial allotment as % of competitive bids at cut off 55.75%
premium
Weighted Average Premium of accepted bids (in paisa) 731.12
First leg settlement date January 16, 2026
Second leg settlement date January 16, 2029
Ajit Prasad
Press Release: 2025-2026/1909 Deputy General Manager
(Communications)