Dollar Swap Facility

As a hegemon, the US no longer derives its hegemonic powers from manufacturing and goods

Sebi has set conditions for the flexibility to ensure risk management

An aggressive push by Chinese President Xi Jinping and the slow but steady rise in yuan use for transactions has contributed to the international chatter around reducing global use of dollar

For markets, this could make for a highly volatile session

The central bank had last opened the facility in August 2013