Why the Reserve Bank is playing with fire with currency swaps (Livemint)

Important changes are afoot in the Reserve Bank of India (RBI) liquidity management system, and yet this has elicited relatively little serious analysis or scrutiny. Earlier this spring, the RBI conducted a foreign exchange (forex) swap of $5 billion and, on 23 April, a second swap of the same amount. Like the first, this second…

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Updated: May 5, 2019 — 11:11 AM