As of now, LTRO, TLTRO, sector-specific refinance, special liquidity facility for MFs and large WMA (₹2 trillion for the first half) are outside the RBI’s normal liquidity management operations. In addition, the RBI has also clarified that the refinance facility for the mutual funds, NBFCs and housing finance companies under the Liquidity Adjustment facility has been extended to June 30 RBI/2014-15/3 Master Circular No.12/2014-15. July 01, 2014 (Updated up to June 11, 2015) All Authorised Dealer Category – I banks and Authorised banks The period of concessional export credit was extended and the entitlement of banks under the export refinance facility from the RBI was enhanced. Export-Import Bank of India (EXIM Bank) was given a special refinance limit of $1 billion as also extended a special forex swap facility as in case of banks with overseas branches. Fixed to floating interest rates - Interest Rate Swap Or in different currencies - Currency swap, or a combination of these Interest Rate Swap is an agreement between two parties in which one party agrees to pay cash flows equal to interest at a predetermined rate while the other agrees to pay interest at floating rate on a notional principal
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RBI Grade B - Grade B is the most popular Job after IAS. This course made by well-experienced faculties of Study IQ. Download the app https://bit.ly/2wJs0SV to watch Demo Videos, Course Content ... Likewise, go long the currency with both a high interest rate and a low external debt/GDP ratio. 5. This tells us the currency pair and the direction to trade in. FOR PEN DRIVE CLASSES CONTACT NO. 9977223599, 9977213599 E-MAIL- [email protected] An explanation of how rollover and swap works in the forex market. Interest rates are based on overnight lending rates, which are then applied to leveraged forex trades. Category Gerrit van de Wetering of BMO Capital Markets shares how two of their bank clients have been successful using an outsourced interest rate swap product.