Page 2 - Currency Swap
Sri Lanka engaging China to amend terms of $1.5 bn currency swap deal
Sri Lanka is discussing with China to amend terms and conditions of $1.5 bn currency swap deal so that it can be used for imports amidst an unprecedented economic crisis in this island nation
 "Sri Lanka engaging China to amend terms of $1.5 bn currency swap deal")
Currency turmoil risks undermining India's debut sovereign green bond
The currency has slumped more than 45 this year amid concern the RBI is behind the curve in tackling inflation, with elevated crude oil prices adding to pressures on the net
 "Currency turmoil risks undermining India's debut sovereign green bond")
Bangladesh extends currency swap option to boost Lanka's depleting reserves
In May 2021, Bangladesh cleared a $200 mn currency swap facility for Sri Lanka, to help boost its economy, becoming 1st South Asian country to extend crucial financial assistance to Colombo this year
 "Bangladesh extends currency swap option to boost Lanka's depleting reserves")
RBI's dollar-rupee sell-swap auction sees three times more bids
In the auction, the RBI has accepted $5.135 billion against the notified amount of $5 billion
 "RBI's dollar-rupee sell-swap auction sees three times more bids")
Sri Lanka signs three-year $1.5 billion currency swap deal with China
Sri Lanka will exchange currency with China under a 10 billion yuan (about $1.5 billion) deal aimed at promoting trade and investment between the two countries, the island nation's central bank said
 "Sri Lanka signs three-year $1.5 billion currency swap deal with China")
China in $1.5-billion swap deal as Sri Lanka seeks to shun IMF
The Central Bank of Sri Lanka is entitled to a 10 billion yuan ($1.5 billion) swap facility from the People's Bank of China, Sri Lanka's monetary authority said in a statement Monday
 "China in $1.5-billion swap deal as Sri Lanka seeks to shun IMF")
Top banks asked to justify why they still clear euro swaps in London
Banks are being asked to say which types of the derivatives they clear in Britain they would consider "the easiest to clear" at an EU clearer instead, a sign of a potentially targeted approach
 "Top banks asked to justify why they still clear euro swaps in London")
Lanka seeks currency swap facility, deferment of debt payments from India
Sri Lanka owes about $960 million to India and earlier this year India agreed to a $400 million currency swap facility for Sri Lanka until November 2022
 "Lanka seeks currency swap facility, deferment of debt payments from India")
US Federal Reserve's balance sheet shrinks for first time since February
The Fed's balance sheet fell to $7.14 trillion on June 17 from $7.22 trillion a week earlier
 "US Federal Reserve's balance sheet shrinks for first time since February")
RBI revises framework on currency swap arrangement for SAARC countries
The framework provides certain concessions for swap drawals in Indian rupee, the RBI said
 "RBI revises framework on currency swap arrangement for SAARC countries")
Swings in India's rupee are making it difficult to hedge currency
The success of RBI's currency-swap auctions is leading to exaggerated moves in the onshore forwards market, making it harder for cos to hedge their foreign-currency borrowings
 "Swings in India's rupee are making it difficult to hedge currency")
