Tuesday, February 22, 2022

Dollar swap to help RBI in balance sheet management, besides cooling forex market

RBI's $5 billion two-year sell/buy swap would help the central bank marginally reduce the size of its balance sheet, improve its dividend-paying capacity, and help manage liquidity and currency positions better, said analysts. RBI had paid Rs 99,122 crore dividend to the government for July 2020-March 2021 period.

from Economy-News-Economic Times https://ift.tt/owu5Aky
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