Currency Swaps
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Huge Currency Swap Agreement To Help Maldives On Foreign Exchange Reserves
Prime Minister Narendra Modi on Monday underlined New Delhi's position as a "close friend" of the Maldives and emphasised his government's readiness to respond to medical and economic emergencies as part of its 'neighbourhood first' foreign policy.
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RBI Extends Currency Swap Support For SAARC Nations Until 2027
The Reserve Bank of India (RBI) has extended its currency swap arrangement with SAARC countries until 2027, introducing a revised framework to address short-term foreign exchange liquidity needs and balance of payment crises.
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Some Bank Branches Run Short On Day 2 Of Rs 2,000 Note Exchange: Report
Some bank branches ran out of cash and temporarily halted the exchange of withdrawn Rs 2000 currency notes as they awaited replenishment of supply from the currency chest on the second day of note swap on Wednesday.
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Companies Swapping Dollar For Asian Currencies To Buy Russian Coal
The companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoiding the US dollar and cutting the risk of breaching Western sanctions against Moscow.
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How $300 Billion Of Russian Cash Can Disrupt Global Money Markets
Russia still has about $300 billion of foreign currency held in offshore swaps -- enough to disrupt money markets if they are frozen by sanctions or moved suddenly to avoid them.
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Currency Exchange Rates Surge As Traders See RBI Rolling Back Monetary Stimulus
Swap rates are rising in India in a sign that traders expect the central bank to roll back monetary stimulus quicker than expected despite its reassurances.
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ICICI Bank Executes Secured Overnight Financing Rate-Linked Transactions
Private lender ICICI Bank on Thursday announced that it has executed its first term loan and cross currency swap derivative transactions linked to Secured Overnight Financing Rate (SOFR).
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Sri Lanka Reverts To $400 Million Foreign Currency Swap With RBI
Sri Lanka originally signed the swap deal available to SAARC countries in 2020 and repaid it in February 2021 after rolling it over once.
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Sri Lanka Seeks $1.1 Billion Forex Swap With India Under SAARC Agreement
Sri Lankan President Gotabaya Rajapaksa has requested India to provide a special USD 1.1 billion currency swap facility to boost the country's draining foreign exchange reserves in view of the economic slowdown due to the coronavirus pandemic.
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Three Signs That The Battered Rupee Is In For More Pain
The rupee's one-month risk-reversal rate shows that the premium to protect against dollar strength in the options market surged to the highest since November 2013 on Thursday.
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RBI Sets High Cut-Off At Forex Swap Auction, Forward Rates Jump
The Reserve Bank of India (RBI) set a premium of Rs 8.38 at the three-year buy-sell swap auction and accepted the entire planned $5 billion up on offer.
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Rupee Edges Higher Against Dollar, Off 2-Week Low
Advances in the domestic equity markets along with government assurance that India will get additional supplies from other major oil producers to make up for loss of Iranian oil boosted the currency.
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Rupee Jumps To Close At 68.74 Against Dollar
The rupee recovered from the day's low to settle at 68.74 against the dollar on Tuesday, as the central bank's Monetary Policy Committee started its bi-monthly review meeting. That marked a gain of 40 paise or 0.58 per cent in the rupee against the greenback.
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India Signs Rs 3,500-Crore Currency Swap Pact With UAE
Officials of the two central banks agreed the deal, which involves the Indian rupee and the UAE dirham, said a statement by the Indian embassy.
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Days After G20 Meet, China Agrees $9 Billion Currency Swap With Argentina
China and Argentina signed a $9 billion currency swap deal to boost the crisis-stricken South American country's foreign currency reserves, its central bank announced Sunday.
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Huge Currency Swap Agreement To Help Maldives On Foreign Exchange Reserves
Prime Minister Narendra Modi on Monday underlined New Delhi's position as a "close friend" of the Maldives and emphasised his government's readiness to respond to medical and economic emergencies as part of its 'neighbourhood first' foreign policy.
-
RBI Extends Currency Swap Support For SAARC Nations Until 2027
The Reserve Bank of India (RBI) has extended its currency swap arrangement with SAARC countries until 2027, introducing a revised framework to address short-term foreign exchange liquidity needs and balance of payment crises.
-
Some Bank Branches Run Short On Day 2 Of Rs 2,000 Note Exchange: Report
Some bank branches ran out of cash and temporarily halted the exchange of withdrawn Rs 2000 currency notes as they awaited replenishment of supply from the currency chest on the second day of note swap on Wednesday.
-
Companies Swapping Dollar For Asian Currencies To Buy Russian Coal
The companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoiding the US dollar and cutting the risk of breaching Western sanctions against Moscow.
-
How $300 Billion Of Russian Cash Can Disrupt Global Money Markets
Russia still has about $300 billion of foreign currency held in offshore swaps -- enough to disrupt money markets if they are frozen by sanctions or moved suddenly to avoid them.
-
Currency Exchange Rates Surge As Traders See RBI Rolling Back Monetary Stimulus
Swap rates are rising in India in a sign that traders expect the central bank to roll back monetary stimulus quicker than expected despite its reassurances.
-
ICICI Bank Executes Secured Overnight Financing Rate-Linked Transactions
Private lender ICICI Bank on Thursday announced that it has executed its first term loan and cross currency swap derivative transactions linked to Secured Overnight Financing Rate (SOFR).
-
Sri Lanka Reverts To $400 Million Foreign Currency Swap With RBI
Sri Lanka originally signed the swap deal available to SAARC countries in 2020 and repaid it in February 2021 after rolling it over once.
-
Sri Lanka Seeks $1.1 Billion Forex Swap With India Under SAARC Agreement
Sri Lankan President Gotabaya Rajapaksa has requested India to provide a special USD 1.1 billion currency swap facility to boost the country's draining foreign exchange reserves in view of the economic slowdown due to the coronavirus pandemic.
-
Three Signs That The Battered Rupee Is In For More Pain
The rupee's one-month risk-reversal rate shows that the premium to protect against dollar strength in the options market surged to the highest since November 2013 on Thursday.
-
RBI Sets High Cut-Off At Forex Swap Auction, Forward Rates Jump
The Reserve Bank of India (RBI) set a premium of Rs 8.38 at the three-year buy-sell swap auction and accepted the entire planned $5 billion up on offer.
-
Rupee Edges Higher Against Dollar, Off 2-Week Low
Advances in the domestic equity markets along with government assurance that India will get additional supplies from other major oil producers to make up for loss of Iranian oil boosted the currency.
-
Rupee Jumps To Close At 68.74 Against Dollar
The rupee recovered from the day's low to settle at 68.74 against the dollar on Tuesday, as the central bank's Monetary Policy Committee started its bi-monthly review meeting. That marked a gain of 40 paise or 0.58 per cent in the rupee against the greenback.
-
India Signs Rs 3,500-Crore Currency Swap Pact With UAE
Officials of the two central banks agreed the deal, which involves the Indian rupee and the UAE dirham, said a statement by the Indian embassy.
-
Days After G20 Meet, China Agrees $9 Billion Currency Swap With Argentina
China and Argentina signed a $9 billion currency swap deal to boost the crisis-stricken South American country's foreign currency reserves, its central bank announced Sunday.
