Dollar Swap Window

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  As Rupee Dives To Record Low, How RBI May Tackle Crisis

  Pressure is mounting on Reserve Bank of India to take stronger action to stem rupee's slide.

• Indian Oil Forex Swaps with RBI Squared Off

  The RBI had opened a forward dollar window for oil refiners during the rupee crisis last year to prevent a sharp fall in the rupee.

• Yes Bank raises $150 million loan from IFC

  The bank has swapped the loan under the Reserve Bank's concessional swap window offered to banks in order to attract dollars, it said in a statement.

• RBI chief says net oil swap repayments less than $7 billion

  He said the total amount of oil swap agreements the RBI entered into with refiners to provide them with dollars was under $12 billion since their introduction on August 28.

• Rupee rises to 62.27 per dollar on Asian strength

  RBI's special forex swap windows, which have garnered over $25 billion, closed on November 30, which will remove a key support for the rupee.

• Rupee jumps to 62.20 on dollar weakness

  Month-end oil-related dollar demand is likely to keep the the rupee under pressure. The central bank's special forex swap windows, which have garnered over $25 billion, will close in end-November, leading to some jitters on flows.

• Rupee falls to 62.42 on month-end dollar demand

  RBI's special forex swap windows, which have garnered over $25 billion, will close in end-November, leading to some jitters on flows.

• Oil firms sourced only $10.5 billion from dollar window: JPMorgan

  State-run oil companies received only $10.5 billion in dollars via the RBI's special swap window, below market estimates of $11-16 billion, J.P.Morgan calculates in a report on Friday.

• Special dollar swap windows net $22.7 billion: RBI

  The special window allows banks to swap fresh FCNR (B) dollar funds, mobilised for a minimum tenor of three years, at a fixed rate of 3.5 per cent per annum.

• Oil firms source $14 billion from oil window: report

  Investors had worried that demand for dollars would surge when these swaps mature, thus pressuring the rupee, but RBI Governor Raghuram Rajan pledged on Wednesday the central bank would be flexible in order to avoid disrupting currency markets.

• Rupee hits 9-week low as oil firms shop for dollars

  The swap window is expected to close at the end of November as the central bank gradually reverses its drastic rupee-defence policies. Traders fear that some of the early 3-month swaps these companies had entered into with the central bank would fall due in December, requiring them to buy dollars from the market.

• RBI in no rush to taper dollar window to oil firms: Raghuram Rajan

  The Reserve Bank of India (RBI) has allowed state-run oil companies to start purchasing dollars from markets but will not rush the process of tapering its dollars swap window to these companies, Governor Raghuram Rajan said on Wednesday.

• Rupee rises on talk of dollar oil window extension

  The rupee rose to 63.4525 on widespread speculation the Reserve Bank of India may be considering extending its swap facility window to provide dollars to state-run oil companies.

• Indian Oil buying 'some' dollars from SBI: report

  Indian Oil Corp finance director said on Friday the state-run refiner was buying "some" dollars from State Bank of India, outside of the special window created by the Reserve Bank of India (RBI).

• RBI's swap window draws $11.3 billion till October 25

  RBI Governor Raghuram Rajan had announced the twin moves immediately after taking charge, to fight the heavy slide in the rupee which had touched a lifetime low of 68.85 on August 28.