A $5 Billion Currency Swap Is RBI’s Answer to India’s Cash Needs
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

A $5 Billion Currency Swap Is RBI’s Answer to India’s Cash Needs

(Bloomberg) -- The ripple effects of the Reserve Bank of India’s unusual move to use foreign-exchange swaps to ease a liquidity deficit at banks ahead of national elections were felt across local c...
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