TNPSC Thervupettagam

Bilateral Swap Arrangement – India and Japan

March 3 , 2019 2085 days 875 0
  • The RBI and Bank of Japan have completed signing of the bilateral currency swap agreement for USD 75 billion.
  • It will help in bringing greater stability in foreign exchange and capital markets in the country.
  • The Bilateral Swap Arrangement (BSA) was negotiated between India and Japan during the visit of Prime Minister Narendra Modi to Tokyo on October 29, 2018.

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