డాలర్లు ఇవ్వండి, అమెరికన్ ఫెడ్ ను కోరిన RBI || India Seeks US Dollar Swap Facility ||
India is working with the United States to secure a dollar swap line that would help in providing an additional comfort in an event of any abrupt outflow of funds, according to a senior government official and banking industry executives familiar with the matter. Foreign institutional investors have been large sellers in the Indian equity and debt markets in March and April so far.
According to Reserve Bank of India (RBI) data, 63.7 per cent of India’s foreign currency assets — or $256.17 billion — is invested in overseas securities, mainly in the US treasury. If countries like India and China resort to large scale liquidation of their investments, it could push up the yields and interest rates in the US, sources said, adding, “there’s a case for India to get the swap facility from Fed as the economy is facing rough weather.
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డాలర్లు ఇవ్వండి, అమెరికన్ ఫెడ్ ను కోరిన RBI || India Seeks US Dollar Swap Facility || India is working with the United States to secure a dollar swap line that would help in providing an additional comfort in an event of any abrupt outflow of funds, according to a senior government official and banking industry executives familiar with the matter. Foreign institutional investors have been large sellers in the Indian equity and debt markets in March and April so far. According to Reserve Bank of India (RBI) data, 63.7 per cent of India’s foreign currency assets — or $256.17 billion — is invested in overseas securities, mainly in the US treasury. If countries like India and China resort to large scale liquidation of their investments, it could push up the yields and interest rates in the US, sources said, adding, “there’s a case for India to get the swap facility from Fed as the economy is facing rough weather.