The Reserve Bank of India (RBI) is set to auction $10 billion through a three-year currency swap to address the banking sector’s liquidity crisis. This initiative, starting February 28, aims to inject approximately 870 billion rupees into the system. Analysts suggest it may also signal a shift in RBI’s forex policy. Despite a recent repo rate cut, cash shortages persist. The RBI has already infused 3.6 trillion rupees into banks, but further measures are needed as the liquidity deficit reaches 1.7 trillion rupees.