The Reserve Bank of India's Governor just dropped some big news—they're rolling out a $5 billion dollar swap operation. This kind of move typically signals efforts to manage forex liquidity and stabilize currency markets during volatile periods. Dollar swap lines have become a critical tool for central banks worldwide, especially when external shocks threaten financial stability. For those watching macro trends, these liquidity injections can ripple through risk assets, including crypto markets. When traditional finance tightens or loosens the money tap, digital assets often feel the downstream effects. Worth keeping an eye on how this plays out in emerging market dynamics and broader liquidity flows.