Liquidity Management - India's central bank initiates new foreign exchange swaps to bolster liquidity [1] - Recent currency interventions by the central bank have drained cash from the banking system [1] Currency Intervention Impact - The central bank's interventions are impacting the banking system's cash reserves [1]

Market Trends - Hong Kong dollar bond sales surged in the second quarter [1] - Issuers rushed to raise funds after currency interventions [1]