Swap Current Affairs, GK & News

Swap

A financial transaction which exploits arbitrage opportunities between markets and in which two counter parties agree to exchange streams of payments over time according to a predetermined rule.

RBI decides to inject liquidity via forex swaps

The Reserve Bank of India (RBI) has decided to inject rupee liquidity into the system through long-term foreign exchange buy/sell swap — a first-of-its-kind instrument used for liquidity management. The RBI would conduct dollar-rupee buy/sell swap auction of $5 billion for tenor of 3 years on March 26 to inject rupee liquidity for longer duration. ..

Topics: Auction • Bond • Economy • Finance • Financial markets • Market liquidity • Monetary Policy • Monetary reform • Money • Open market operation • Reserve Bank of India • Swap

RBI signs a $75 billion Bilateral Swap Arrangement (BSA) with Japan’s central Bank

The Reserve Bank of India (RBI) and Bank of Japan (BOJ) have signed a Bilateral Swap Arrangement (BSA) for $75 billion that will help in bringing greater stability in foreign exchange and capital markets in the country. The pact will enables both countries to swap their local currencies (i.e., either Japanese yen or Indian rupee) ..

Topics: Bank of Japan • Central bank • Currency • Currency swap • Economy • Finance • Financial services • Foreign exchange market • Indian rupee • Japanese yen • Reserve Bank of India • Swap

India signs $75 bn currency swap agreement with Japan

The Government of India (GoI) has recently signed $75 bn bilateral currency swap agreement with Japan to bring greater stability in foreign exchange and capital markets in the country. The currency swap pact would enable the two major Asian economies to swap their local currencies – either Indian rupee or the Japanese yen against the ..

Topics: Central bank • Currency • Currency swap • Economy • Finance • Great Recession • Internationalization of the renminbi • Monetary hegemony • Money • Stock market crashes • Swap