India cenbank likely bought dollars in spot, paid in far forwards – traders

The Reserve Bank of India likely bought dollars and conducted sell/buy swaps via public sector banks after the rupee reached a more-than-two-month high on Tuesday, three traders told Reuters.
Source : https://www.reuters.com/markets/currencies/india-cenbank-likely-bought-dollars-spot-paid-far-forwards-traders-2023-07-25/