Currency Swap
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"Eye-Wash...": BJP Slams Tamil Nadu Budget, Its 4 MLAs And AIADMK Walk Out
The BJP's four Tamil Nadu MLAs walked out of the Assembly Friday, as the budget was being read out, to protest the currency symbol swap and allegations of corruption in TASMAC, the state-run liquor sales agency.
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Huge Currency Swap Agreement To Help Maldives On Foreign Exchange Reserves
Prime Minister Narendra Modi on Monday underlined New Delhi's position as a "close friend" of the Maldives and emphasised his government's readiness to respond to medical and economic emergencies as part of its 'neighbourhood first' foreign policy.
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RBI Extends Currency Swap Support For SAARC Nations Until 2027
The Reserve Bank of India (RBI) has extended its currency swap arrangement with SAARC countries until 2027, introducing a revised framework to address short-term foreign exchange liquidity needs and balance of payment crises.
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Some Bank Branches Run Short On Day 2 Of Rs 2,000 Note Exchange: Report
Some bank branches ran out of cash and temporarily halted the exchange of withdrawn Rs 2000 currency notes as they awaited replenishment of supply from the currency chest on the second day of note swap on Wednesday.
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Sri Lanka Seeks $1.1 Billion Forex Swap With India Under SAARC Agreement
Sri Lankan President Gotabaya Rajapaksa has requested India to provide a special USD 1.1 billion currency swap facility to boost the country's draining foreign exchange reserves in view of the economic slowdown due to the coronavirus pandemic.
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Days After G20 Meet, China Agrees $9 Billion Currency Swap With Argentina
China and Argentina signed a $9 billion currency swap deal to boost the crisis-stricken South American country's foreign currency reserves, its central bank announced Sunday.
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India, Japan Sign 75 Billion Dollar Currency Swap Agreement
India and Japan on Monday concluded a $75 billion bilateral currency swap agreement -- less than a week after Tokyo entered into a similar pact with Beijing for $30 billion -- a move aimed at improving confidence in the country's foreign exchange and capital markets.
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China, Japan To Forge Closer Ties At "Historic Turning Point"
China and Japan on Friday pledged to forge closer ties as both countries stood together at an "historic turning point", signing a broad range of agreements including a $30 billion currency swap pact, amid rising trade tensions with Washington.
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Can't Ban Everyone From Depositing Old Notes, Says Supreme Court
People with a legitimate reason for not being able to deposit old 500 and 1,000-rupee notes - like those in prison - cannot be denied the right to swap the outlawed currency for new notes, the Supreme Court said today, asking the government to explain how it will help these citizens by the 17th of this month.
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In A First, 5 Lakhs For Family Of Woman Who Burnt Herself After Days In Bank Queue
On November 22, a mother of four set herself on fire after spending three days in a bank queue to swap six banned currency notes in Uttar Pradesh's Aligarh town. The state government has announced Rs 5 lakh compensation for her family, making it the first death officially linked to the currency ban announced last month.
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"Eye-Wash...": BJP Slams Tamil Nadu Budget, Its 4 MLAs And AIADMK Walk Out
The BJP's four Tamil Nadu MLAs walked out of the Assembly Friday, as the budget was being read out, to protest the currency symbol swap and allegations of corruption in TASMAC, the state-run liquor sales agency.
-
Huge Currency Swap Agreement To Help Maldives On Foreign Exchange Reserves
Prime Minister Narendra Modi on Monday underlined New Delhi's position as a "close friend" of the Maldives and emphasised his government's readiness to respond to medical and economic emergencies as part of its 'neighbourhood first' foreign policy.
-
RBI Extends Currency Swap Support For SAARC Nations Until 2027
The Reserve Bank of India (RBI) has extended its currency swap arrangement with SAARC countries until 2027, introducing a revised framework to address short-term foreign exchange liquidity needs and balance of payment crises.
-
Some Bank Branches Run Short On Day 2 Of Rs 2,000 Note Exchange: Report
Some bank branches ran out of cash and temporarily halted the exchange of withdrawn Rs 2000 currency notes as they awaited replenishment of supply from the currency chest on the second day of note swap on Wednesday.
-
Sri Lanka Seeks $1.1 Billion Forex Swap With India Under SAARC Agreement
Sri Lankan President Gotabaya Rajapaksa has requested India to provide a special USD 1.1 billion currency swap facility to boost the country's draining foreign exchange reserves in view of the economic slowdown due to the coronavirus pandemic.
-
Days After G20 Meet, China Agrees $9 Billion Currency Swap With Argentina
China and Argentina signed a $9 billion currency swap deal to boost the crisis-stricken South American country's foreign currency reserves, its central bank announced Sunday.
-
India, Japan Sign 75 Billion Dollar Currency Swap Agreement
India and Japan on Monday concluded a $75 billion bilateral currency swap agreement -- less than a week after Tokyo entered into a similar pact with Beijing for $30 billion -- a move aimed at improving confidence in the country's foreign exchange and capital markets.
-
China, Japan To Forge Closer Ties At "Historic Turning Point"
China and Japan on Friday pledged to forge closer ties as both countries stood together at an "historic turning point", signing a broad range of agreements including a $30 billion currency swap pact, amid rising trade tensions with Washington.
-
Can't Ban Everyone From Depositing Old Notes, Says Supreme Court
People with a legitimate reason for not being able to deposit old 500 and 1,000-rupee notes - like those in prison - cannot be denied the right to swap the outlawed currency for new notes, the Supreme Court said today, asking the government to explain how it will help these citizens by the 17th of this month.
-
In A First, 5 Lakhs For Family Of Woman Who Burnt Herself After Days In Bank Queue
On November 22, a mother of four set herself on fire after spending three days in a bank queue to swap six banned currency notes in Uttar Pradesh's Aligarh town. The state government has announced Rs 5 lakh compensation for her family, making it the first death officially linked to the currency ban announced last month.
