Auction: GK, Current Affairs, Questions, Trivia and News

Finance Minister launches eBkray; an e-auction platform

On December 29, 2019, Finance Minister Nirmala Sitaraman launched “eBkray” to enable online auction of assets owned by banks. eBkray is an online portal that will act as a common platform to buy and sell assets through auction. Highlights The platform has property search features. It also has navigational links to the auction sites that ..

RBI decides to inject liquidity via forex swaps

The Reserve Bank of India (RBI) has decided to inject rupee liquidity into the system through long-term foreign exchange buy/sell swap — a first-of-its-kind instrument used for liquidity management. The RBI would conduct dollar-rupee buy/sell swap auction of $5 billion for tenor of 3 years on March 26 to inject rupee liquidity for longer duration. ..