The Reserve Bank of India (RBI) recently announced a $10 billion forex swap. What is the primary objective of this action?
To inject liquidity into the banking system
Why in the News?
“RBI Injects $10 Billion to Ease Cash Crunch”
Forex swaps are used by central banks like the RBI to manage liquidity. In this case, the RBI is providing dollars to banks in exchange for rupees, with an agreement to reverse the transaction later. This injects rupees (liquidity) into the banking system.
Similar Questions
What is the anticipated GDP growth for India in the fiscal year 2025-26 according to the Confederation of Indian Industry (CII)?
What is India’s revised economic growth forecast for FY25, as per the IMF?
What is Deloitte India's revised GDP growth projection for the fiscal year 2024-25?
How much capital infusion has the Government of India sanctioned into the Industrial Finance Corporation of India (IFCI) for the financial year 2024-25?
What is the interest rate for the Government of India Floating Rate Bonds 2035 (GOI FRB 2035) announced by the Reserve Bank of India (RBI)?
Recently, The Economic Survey 2024-25 projects India's GDP growth for FY25 to be approximately:
What is the primary change being implemented by National Payments Corporation of India regarding UPI transaction IDs?
What is the new Foreign Direct Investment (FDI) limit for the insurance sector in India as per the Union Budget 2025-26?
Consider the following statements regarding the India-EFTA partnership:
1. The India-EFTA Trade and Economic Partnership Agreement (TEPA) makes EFTA the first European bloc to have a trade pact with India.
2. The newly launched India-EFTA Desk aims to facilitate trade and investment between India and EFTA member states.
3. The EFTA bloc consists of countries like Germany, France, and Italy.
Mark the correct statement from the above using the codes given below:
Which scheme introduced in West Bengal’s 2025-26 budget aims to enhance riverine development and prevent erosion along the Ganga-Padma?
Important Questions from Economic and Financial Affairs
As per the Union Budget 2021-22, the government plans to continue on the path of fiscal consolidation, achieving a fiscal deficit level below 4.5% of GDP by ______.
- The National Rail Plan announced in the Union Budget of 2021-22 aims to create a future ready railway system by which of the following years?
As per the Economic Survey 2021, in which of the following states did the proportion of households that had health insurance decrease by 12% from 2015-16 to 2019-20?
As per Economic Survey 2020-2021, India’s real GDP is estimated to grow by ______ in financial year 2021-22.
As per the Economic Survey of India 2020-21, India is expected to have a Current Account Surplus of ______ GDP in FY21.
