Multilateral Financial Institution

China is likely to invest over $1 trillion overseas and import more than $10 trillion in commodities over the next five years, the state-backed China Daily quoted Premier Li Keqiang as saying.

Reserve Bank of India Governor Raghuram Rajan on Monday stressed on the need for well-capitalised multilateral institutions and a consensus on free trade and open markets to overcome the global economic slowdown.

Dr Rajan also pitched for free trade, open markets and well-capitalised multilateral institutions to overcome the global economic slowdown which could lead to high political tensions.

The Reserve Bank of India extended the range of collateral that can be used for repo transactions on the country's interbank market to include bonds issued by multilateral financial institutions such as the World Bank and Asian Development Bank.

The RBI set up a swap window for banks last month, offering to exchange foreign currency for rupees at below market rates for lenders that raise funds abroad. The action was a bid to prop up the rupee by attracting more capital into the country.

China is likely to invest over $1 trillion overseas and import more than $10 trillion in commodities over the next five years, the state-backed China Daily quoted Premier Li Keqiang as saying.

Reserve Bank of India Governor Raghuram Rajan on Monday stressed on the need for well-capitalised multilateral institutions and a consensus on free trade and open markets to overcome the global economic slowdown.

Dr Rajan also pitched for free trade, open markets and well-capitalised multilateral institutions to overcome the global economic slowdown which could lead to high political tensions.

The Reserve Bank of India extended the range of collateral that can be used for repo transactions on the country's interbank market to include bonds issued by multilateral financial institutions such as the World Bank and Asian Development Bank.

The RBI set up a swap window for banks last month, offering to exchange foreign currency for rupees at below market rates for lenders that raise funds abroad. The action was a bid to prop up the rupee by attracting more capital into the country.