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CURRENCY SWAP ARRANGEMENT
HDFC raises $750-m ECB, first under RBI's special swap planHDFC Bank has successfully raised $750 million in offshore bonds, marking the first to leverage the RBI's 1.5% fixed-rate swap for external...
Bringing in US dollars: RBI flags off FCNR(B) chase, pushes banks to go all out for forex inflowsIn an ambitious bid to enhance India's foreign currency reserves, the Reserve Bank of India is urging banks to ramp up their efforts in att...
RBI pushes banks to bring more dollars homeThe push comes amid RBI measures to incentivise foreign currency inflows, including swap facilities and hedging cost support for FCNR(B) de...
ATMs hungry, but not for more cashMany Indians face empty ATMs despite ample cash in circulation. This is due to serious disruptions in cash movement. UPI's rapid rise and i...
Banks raise NRI deposit rates to draw dollar inflowsIndian banks are offering higher interest rates on foreign currency deposits. This move aims to attract money from overseas residents. The ...
RBI's measures may attract USD 60-70 billion foreign capital, support rupee: India RatingsNew measures by the RBI and government aim to attract foreign capital. These steps are expected to bring in USD 60-70 billion. This influx ...
Deposits under RBI's latest foreign currency non-resident bank scheme will carry one-year lock-inThe Reserve Bank of India's new FCNR-B scheme offers a one-year lock-in for deposits and mandates non-cancellable swaps for banks. This ini...
RBI opens a dollar swap window to help hedge foreign borrowingsThe Reserve Bank of India is introducing a dollar-rupee swap facility for banks. This move aims to help state-run firms and lenders hedge t...
US warns ties with Iran’s Strait of Hormuz authority may bring sanctions for 'anyone' involvedAmerica has issued a stern warning to global shipping and finance firms. Cooperation with Iran's new Persian Gulf Strait Authority could in...
US Stock Market: Bond yields drop after Trump signals progress in Iran talksTreasury yields declined as optimism around a US-Iran agreement boosted demand for government bonds. Softer oil prices eased inflation conc...
India extends financial support to Maldives under SAARCIndia has approved a significant ₹3,000-crore currency swap for the Maldives. This move aims to bolster the island nation's economy under t...
India approves Rs 30 billion for Maldives under SAARC currency swapIndia has approved a Rs 30 billion currency swap for the Maldives. This reaffirms New Delhi's role as a key financial partner. The Maldives...
US Stock Market: Bessent signals expansion of currency swap lines to Gulf and Asian nationsSeveral Gulf allies and Asian economies are seeking US dollar liquidity through foreign exchange swap lines, according to Treasury Secretar...
US Stock Market: US considers a currency swap with UAE as conflict risks riseDonald Trump signalled that the United States may extend financial support to the UAE, including a potential currency swap arrangement. Dis...
UAE asks US for a wartime financial lifeline as Iran conflict drags: ReportThe United Arab Emirates is in discussions with the United States regarding a potential financial backstop. This measure is being considere...
RBI announces SAARC currency swap framework for 2024-27The Reserve Bank of India introduces revised currency swap frameworks for SAARC nations, providing INR, USD, and EUR support. The facilitie...
India to enter into bilateral Rupee swap agreements with SAARC countries: RBIThe Reserve Bank of India, in collaboration with the Indian government, has unveiled a revised framework on currency swap arrangements with...
RBI extends swap arrangement with SAARC nationsIn order to enhance economic cooperation and strengthen financial stability, RBI has extended the $2 billion currency swap arrangement to S...
India, Japan raise currency swap arrangement limit to $50 bnSeeking to improve bilateral cooperation, India and Japan today tripled the limit for the currency swap arrangement to $ 50 billion.
India, Japan to enhance currency swap arrangement to $50 billionIndia and Japan have decided to more than triple their bilateral currency swap arrangement to $50 billion, a development that is likely to ...