Foreign exchange swap is the difference in the interest rates of the banks issuing the two currencies, which is credited to or charged from the account when the trading position is kept overnight. The ...

A $5 billion dollar/rupee swap by the RBI matured that week, with bankers saying the central bank delivered the swap, a move ...

The bank said a week ago that it would extend the limit on forex swap operations to an equivalent of $2 billion a day for Dec. 15-21, but on Friday it said it was increasing that limit to $10 billion.

RBI?s $10-billion forex swap facility has seen few takers, with only $247 million utilised up to January 9, a mere 2.7% of the total swap line, according to the central bank?s data. Written by ...

Turkish banking watchdog BDDK on Wednesday said it is cutting the limit for Turkish banks' forex swap, spot and forward transactions with foreign banks to 25 percent of a bank's equity. The BDDK ...

Those that were positive years back are now so insignificant that weeks of sell of GBPUSD will be in 2 digits will a buy will be 3 digits. Yet they say interest rate is close to zero or even negative, ...