FinNotes

3 matches across 1 sections

Market news & articles

Central Banks & Policy · 2 hours ago

RBI launches 1.5% dollar-rupee swap window for PSU ECBs, banks’ overseas borrowings and FCNR-B deposits

The Reserve Bank of India introduced a US dollar-rupee forex swap facility on June 8, letting eligible banks swap dollars at the FBIL reference rate and reverse at 1.5% per year, up to five years. It applies to PSU external commercial borrowings, banks’ overseas foreign currency borrowings, and certain FCNR-B deposits raised within specified windows.

Central Banks & Policy · 3 hours ago

Bank Indonesia delivers surprise 25-bp rate hike to 5.50% as rupiah hits record lows

Bank Indonesia raised its benchmark rate by 25 basis points to 5.50% in an unexpected off-cycle move after the rupiah weakened more than anticipated and hit 18,190 per U.S. dollar. The central bank set the deposit facility at 4.50% and the lending facility at 6.25%, and announced measures aimed at supporting the currency and foreign inflows.

Central Banks & Policy · 2 days ago

South Korea’s President Lee taps ex-Naver CEO Han Seongsook as prime minister nominee, citing AI push

South Korean President Lee Jae Myung nominated Han Seongsook, a former chief executive of internet portal operator Naver, to serve as prime minister. The presidential office announced the nomination on Sunday and said the appointment is intended to support the government’s artificial-intelligence policy agenda and broader economic strategy.