<h1>RBI Announces $5 Billion USD/INR Swap Auction to Boost Liquidity Ahead of Monetary Policy Meeting.</h1> The Reserve Bank of India (RBI) announced a USD/INR buy-sell swap auction of USD 5 billion on January 31 to inject liquidity into the banking system. This is part of a broader liquidity injection strategy totaling over Rs 1.5 lakh crore, which includes open market operations (OMO) for Rs 60,000 crore and a Variable Rate Repo (VRR) auction of Rs 50,000 crore. The swap auction will have a tenor of six months, with a minimum bid size of USD 10 million. These measures precede the RBI's upcoming monetary policy meeting, potentially influencing the benchmark lending rate.