© Reuters. HONG KONG – The United Arab Emirates and China have reinforced their financial ties with the renewal of a significant currency swap agreement and a pledge to deepen collaboration on Central Bank Digital Currency (CBDC) development. The Central Bank of the UAE (CBUAE) and the People’s Bank of China have extended their currency
© 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
Share: Indian Rupee trades firmly, supported by the potential aggressive intervention by the Reserve Bank of India (RBI). A rise in US Treasury yields and higher crude oil prices might cap the upside of the Indian Rupee. Investors will focus on the RBI Forex swap maturity, US economic data. Indian Rupee (INR) posts
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