RBI’s $5 Billion Swap Maturity Escalates Cash Dollar Demand By Investing.com
[ad_1] © Reuters. The maturity of the Reserve Bank of India’s (RBI) $5 billion swap has led to an increased demand for cash dollars and a significant drop in the overnight swap rate. The swap, initiated in April 2022, was designed to provide dollar liquidity to banks, a measure now being phased out, obliging participating
![RBI’s $5 Billion Swap Maturity Escalates Cash Dollar Demand By Investing.com RBI’s $5 Billion Swap Maturity Escalates Cash Dollar Demand By Investing.com](https://shmi.ir/wp-content/uploads/2023/10/1698186158_RBIs-5-Billion-Swap-Maturity-Escalates-Cash-Dollar-Demand-By-300x190.jpg)
[ad_1]
![RBI’s $5 Billion Swap Maturity Escalates Cash Dollar Demand](https://shmi.ir/wp-content/uploads/2023/10/RBIs-5-Billion-Swap-Maturity-Escalates-Cash-Dollar-Demand-By.jpg)
© Reuters.
The maturity of the Reserve Bank of India’s (RBI) $5 billion swap has led to an increased demand for cash dollars and a significant drop in the overnight swap rate. The swap, initiated in April 2022, was designed to provide dollar liquidity to banks, a measure now being phased out, obliging participating institutions to return these dollars potentially through the overnight swap market.
On Monday, the swap rate fell to 0.14 paisa, a decrease from Friday’s 0.17 paisa. This decline reflects a more substantial shift in the imputed rupee interest rate, which now stands at 5.60%, significantly lower than the 6.60% overnight rupee call rate. This shift indicates that banks are prepared to lend rupees at cheaper rates to secure dollars due to an emerging shortage.
Ritesh Bhusari from South Indian Bank anticipates this dollar shortage will be short-lived but cautions that escalating global dollar shortages and increasing geopolitical risks could necessitate intervention from the RBI. Despite these changes, the forex markets have not been notably affected by the maturity of the swap or the consequent rise in cash dollar demand.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
[ad_2]
لینک منبع : هوشمند نیوز
![]() + مدرک معتبر قابل ترجمه رسمی با مهر دادگستری و وزارت امور خارجه | ![]() + مدرک معتبر قابل ترجمه رسمی با مهر دادگستری و وزارت امور خارجه | ![]() + مدرک معتبر قابل ترجمه رسمی با مهر دادگستری و وزارت امور خارجه |
![]() مدیریت حرفه ای کافی شاپ | ![]() حقوقدان خبره | ![]() سرآشپز حرفه ای |
![]() | ![]() آموزش مجازی ICDL مهارت های رایانه کار درجه یک و دو | ![]() |
- نظرات ارسال شده توسط شما، پس از تایید توسط مدیران سایت منتشر خواهد شد.
- نظراتی که حاوی تهمت یا افترا باشد منتشر نخواهد شد.
- نظراتی که به غیر از زبان فارسی یا غیر مرتبط با خبر باشد منتشر نخواهد شد.
ارسال نظر شما
مجموع نظرات : 0 در انتظار بررسی : 0 انتشار یافته : ۰