India Economics

India Economics Update

10 August, 2016

No need to panic over maturing FX swaps

There still appears to be some confusion over the potential market impact when the RBI’s FX swap facilities mature next month. The RBI has already confirmed that the maturing swaps have been covered by purchases of currency forwards. What’s more, even if there is a temporary blip in the central bank’s FX reserves, the key point is that India’s external position is far stronger now than three years ago.


Access this publication and more, take our free trial subscription today.

Free Trial

Already a subscriber? Simply log in to view this article.

Save to Library

New Book

Making a Success of Brexit
and Reforming the EU

by Roger Bootle

"Outstanding - engaging - absorbing"
Daily Telegraph

Buy now on Amazon
We use cookies to ensure you get the best experience on our website. Read our Cookie Policy for more information.