India, Japan Renew USD 75 Billion Currency Swap Agreement: Rediff Moneynews
India and Japan have renewed their USD 75 billion bilateral currency swap agreement, aimed at strengthening financial cooperation and contributing to global stability.Mumbai, Feb 28 (PTI) India and Japan have renewed the USD 75 billion bilateral currencies swap agreement, the Reserve Bank said in a statement on Friday.The Bilateral Swap Arrangement (BSA) is a two-way arrangement where both authorities can swap their local currencies in exchange for the US dollar. The Bank of Japan, acting as agent for the Minister of Finance of Japan, and the Reserve Bank of India...