Sunday, 26 June, 2022
TopicCurrency swap

Topic: Currency swap

India considers currency swap of another $1.1 bn with Sri Lanka, no timeline decided

RBI has already finalised an agreement to extend a $400 million currency swap facility to Sri Lanka, but its President Gotabaya has asked for $1.1 billion more.

Rupee’s advance seems to be causing some discomfort for RBI

The central bank has announced plans to hold a $5 billion foreign-exchange swap auction for a three-year tenor.

How India stands to gain from the $75 billion currency swap deal with Japan

The agreement was signed during PM Modi’s visit to Japan. Finance minister Arun Jaitley said it reflected the “depth of our deeper economic relationship”.

On Camera

YourTurn

Illustration: Ramandeep Kaur | ThePrint

Does breaking up big states boost economy? Data doesn’t back up hype, says Indian study

The study by researchers at Indira Gandhi Institute of Development Research looked at economic impact of reorganising Uttar Pradesh, Madhya Pradesh, and Bihar in the year 2000.

Defence

The Indian Air Force logo | Commons

Almost 4,000 enrol for IAF’s Agnipath recruitment scheme on day 1 of online registrations

These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.
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