Friday, July 11, 2025

Creating liberating content

The Reserve Bank on Friday said it has imposed a

Elon Musk meets with Indian Prime Minister Narendra Modi at

Related News

The Reserve Bank on Friday said it has imposed a Rs 4.88 lakh penalty on HDFC Bank for contravention of certain norms relating to foreign investment in India while granting

This Optical illusion challenges the viewer to find a set of skis cleverly disguised in a beach scene filled with red-and-white striped chairs and umbrellas. At first glance, everything looks

Elon Musk meets with Indian Prime Minister Narendra Modi at Blair House in Washington DC, USA on February 13, 2025. Anadolu | Anadolu | Getty Images Tesla will open a

TCS had previously disclosed in April that salary increases would be postponed due to business uncertainties. (AI image) Employees of Tata Consultancy Services (TCS) will have to wait a little

Ghee coffee is a traditional Ayurvedic drink that’s gaining popularity for its potential health benefits. This unique blend of coffee, ghee, and sometimes coconut oil or spices, offers a range

First off, eggs are loaded with protein and your hair is basically made of protein (keratin, if you wanna get fancy). They also pack a punch with vitamins like biotin,

Trending News

TCS had previously disclosed in April that salary increases would be postponed due to business uncertainties. (AI image) Employees of Tata Consultancy Services (TCS) will have to wait a little

‘The Best You’ features India’s comedy queen, Bharti Singh, who shares her story resilience and reinvention Klook, Asia’s leading platform for travel experiences and services, launched its new campaign titled

Britain’s economy contracted for the second consecutive month in May, dealing a blow to finance minister Rachel Reeves as she navigates a shaky domestic recovery and heightened global uncertainty. Official

Slow US-China trade deal may push Trump’s tariff deadlines Trade deals between the US and China are moving at a pace slower than expected, which may lead to extensions of

Access Denied You don’t have permission to access ” on this server. Reference #18.adf5d217.1752215691.16ea1cd4 Source link

Tesla’s entry into India comes at a time when the EV maker is facing reduced sales in Europe and China. (AI image) Elon Musk-led Tesla is set to open its

RBI plans $10 billion dollar-Re swap to improve liquidity

Word Count: 586 | Estimated Reading Time: 3 minutes


RBI plans $10 billion dollar-Re swap to improve liquidity

MUMBAI: In a move aimed at improving liquidity in the banking system, the RBI has said that it will conduct a USD/INR buy/sell swap auction on Feb 28 to inject Rs 86,000 crore into the banking system. The auction, aimed at meeting long-term liquidity needs, will involve a $10 billion swap with a three-year tenor. The first leg of the swap will be settled on March 4, 2025, while the reverse leg will be settled on March 6, 2028.
According to money market dealers there is a severe shortfall of liquidity in money markets and liquidity infusion of Rs 1.2 lakh crore is needed by March 2025 to bring core liquidity from deficit to neutral to ensure that policy rates are effective in the term money markets.
RBI has infused funds to counter a sharp liquidity decline caused by aggressive forex market intervention and other factors. Despite these efforts, India’s banking system faced a liquidity deficit of Rs 1.7 lakh crore as on Feb 20.
RBI has purchased Rs 1.4 lakh crore worth of bonds through open market and secondary purchases and infused Rs 44,000 crore via a $5 billion dollar/rupee swap. However, the weighted average inter-bank call money rate remains above RBI’s policy repo rate, despite these infusions.
RBI has already infused Rs 1.8 lakh crore through long-term repos maturing in early April and may roll them over for another two months. Liquidity conditions are expected to improve once RBI pays a dividend to govt by May-end.
Under the swap mechanism, banks will sell US dollars to RBI and agree to repurchase them at the end of the swap period.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account