India's central bank has conducted its first foreign exchange swap auction in five years, injecting $5.1 billion into the financial system to alleviate a severe cash crunch. This move is seen as a response to the liquidity challenges faced by banks and importers. In addition, the Reserve Bank of India (RBI) had previously purchased $2.3 billion of bonds at an open-market auction, marking its first such auction in nearly four years. The liquidity infusion aims to stabilize the financial environment and support economic activity.