Page 3 - Currency Swap

Top banks asked to justify why they still clear euro swaps in London

Banks are being asked to say which types of the derivatives they clear in Britain they would consider "the easiest to clear" at an EU clearer instead, a sign of a potentially targeted approach

Lanka seeks currency swap facility, deferment of debt payments from India

Sri Lanka owes about $960 million to India and earlier this year India agreed to a $400 million currency swap facility for Sri Lanka until November 2022

US Federal Reserve's balance sheet shrinks for first time since February

The Fed's balance sheet fell to $7.14 trillion on June 17 from $7.22 trillion a week earlier

RBI revises framework on currency swap arrangement for SAARC countries

The framework provides certain concessions for swap drawals in Indian rupee, the RBI said

Swings in India's rupee are making it difficult to hedge currency

The success of RBI's currency-swap auctions is leading to exaggerated moves in the onshore forwards market, making it harder for cos to hedge their foreign-currency borrowings