In February 2025, which bank of India has announced $10 billion three-year dollar/rupee swap auction?

Correct option is B

The correct answer is (B) Reserve Bank of India.

Explanation:

• In February 2025, the Reserve Bank of India (RBI) announced a $10 billion three-year dollar/rupee swap auction to inject liquidity into the banking system.

Information Booster:

• The swap was aimed at providing long-term liquidity and stabilizing market conditions.
• The RBI regularly conducts such operations to manage liquidity and foreign exchange reserves.

Additional Information:

• State Bank of India (SBI)
• Headquarters: Mumbai, Maharashtra, India
• Slogan: "The Banker to Every Indian"
• Bank of India (BOI)
• Headquarters: Mumbai, Maharashtra, India
• Slogan: "Relationships Beyond Banking"
• Bank of Baroda (BOB)
• Headquarters: Vadodara, Gujarat, India
• Slogan: "India's International Bank"