A $5 Billion Currency Swap Is RBI’s Answer to India’s Cash Needs

A $5 Billion Currency Swap Is RBI’s Answer to India’s Cash Needs

14th March 20190Byadmin

The ripple effects of the Reserve Bank of India’s unusual move to use foreign-exchange swaps to ease a liquidity deficit at banks ahead of national elections were felt across local currency, stocks and bond markets on Thursday.

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