Dollar Swap Facility

Datanomics: Dollar inflows through swap windows far exceed 2013 levels

The move, announced on August 14, aims to cap dollar inflows that have already outpaced the $26 billion raised in 2013, when then RBI Governor Raghuram Rajan launched a similar swap scheme

SBI eyes $10 bn from NRIs, foreign investors as RBI swap window nears end

As RBI's concessional swap window draws to a close this month end, State Bank of India (SBI) Chairman C S Setty has expressed confidence that the bank would garner about USD 10 billion from non-resident Indians and foreign investors. "In aggregate, we must be reaching the USD 10 billion mark, predominantly coming from the deposit side. But there is visibility of ECBs. ECB, of course, will have a longer period available to us, but by August 31, we should have mobilised around USD 9-10 billion on a consolidated basis," he told PTI in an interview. Earlier this month, the Reserve Bank of India advanced the closure of the Foreign Currency Non-Resident Bank (FCNR-B) deposits swap window by a month to August 31 as against the earlier cut-off date of September 30. However, the special US Dollar-Rupee forex swap window to give cheap currency hedging support to public sector undertakings (PSUs) raising External Commercial Borrowings (ECBs) is available till December 31, 2026. Talking about

Rupee, bond bets retreat after RBI's dollar swap window ends early

The estimates are being reworked after the central bank Friday decided to end a program attracting dollars from overseas Indians a month earlier than planned, having garnered more than $50 billion

India may attract up to $85 billion under RBI's swap facility: Report

India could attract USD 80 to USD 85 billion under the Reserve Bank's concessional swap facility scheme to encourage foreign currency inflows, a report said on Monday. Till July 17, of the total inflows under the scheme, Foreign Currency Non-Resident (Bank) or FCNR (B) deposits accounted for USD 17.406 billion, Overseas Foreign Currency Borrowings (OFCBs) contributed USD 1.97 billion and External Commercial Borrowings (ECBs) amounted to USD 1.342 billion. 'Ecowrap', an SBI research report, said the RBI figure of about USD 20 billion inflows till July 17 came as a "positive reprieve", chiefly with a smart FCNR(B) corpus of USD 17.4 billion. "Overall, we believe FCNR (B) deposits in the range of USD 65-70 billion should be received overall in scheme, and including OFCB and ECB at USD 80-USD 85 billion," it said. It further said that RBI data indicates FCNR(B) deposits worth USD 17.4 billion have been mobilised (till July 17) and the trend suggests that pubic sector banks are major ..

The US dollar can weaken but still remain the world's reserve currency

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

Market regulator Sebi allows MFs to buy, sell credit default swaps

Sebi has set conditions for the flexibility to ensure risk management

Will dollar continue to dominate world trade or will other currencies gain?

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

Dollar plunges close to two-month low ahead of pivotal US jobs data

For markets, this could make for a highly volatile session

Market expects a special dollar swap facility for oil marketing companies

The central bank had last opened the facility in August 2013