India’s Central Bank Adds $10 Billion Via Currency Swap to Ease Cash Crunch

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1100 out of 1200 Central and State Schemes Now Under DBT Eliminating Middleman Says FM Nirmala Sitharaman

Get latest articles and stories on Business at LatestLY. Finance Minister Nirmala Sitharaman stated on Saturday that out of 1,200 central and state government schemes, 1,100 are now under DBT, ensuring that money is transferred directly to the beneficiaries' bank accounts. Business News | 1100 out of 1200 Central and State Schemes Now Under DBT Eliminating Middleman Says FM Nirmala Sitharaman.

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India’s Central Bank Adds $10 Billion Via Currency Swap to Ease Cash Crunch

India’s central bank injected $10 billion through a foreign-exchange swap auction on Friday, stepping up efforts to quell one of the worst liquidity deficits in the financial system.

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India’s RBI Forex Swap Operations: A Move for Financial Stability

On January 31, 2022, the Reserve Bank of India (RBI) conducted a foreign exchange (forex) swap amounting to $5 billion. This swap was specifically a dollar-rupee swap with a tenure of six months. However, considering the ongoing economic conditions – the INR and Stock Markets being deteriorated – the RBI has now decided to conduct […] The post India’s RBI Forex Swap Operations: A Move for Financial Stability appeared first on Modern Diplomacy.

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Mumbai 28 February: The Reserve Bank of India (RBI) today imposed a fine of Rs 60.60 lakh on private sector Hongkong and Shanghai Banking Corporation Limited (HSBC) for violating regulatory directions. RBI said on Friday that under the order dated February 24, 2025, HSBC has been fined Rs 66.

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RBI's $10-Billion Forex Swap Receives Strong Bids Amid Liquidity Deficit

The Reserve Bank of India's $10 billion three-year forex swap auction held on Friday witnessed strong bids from domestic institutions. The central bank received bids worth $16.23 billion from 244 sources for its dollar-rupee buy-sell swap auctions. Of these, 161 were accepted for $10.06 billion. The cut-off premium as a result was Rs 6.551, according to a statement.The weighted average premium of accepted bids was Rs 6.7329.On Friday, the Indian…