Currency swap Current Affairs, GK & News
The Reserve Bank of India (RBI) has decided to further economic cooperations within the South Asian Association for Regional Cooperation (SAARC) member countries, the framework on currency swap agreement has been revised on Tuesday, November 26, 2019. The currency swap facility for the SAARC member countries came into effect on 15th November 2012. The current ..
Category: Economy & Banking Current Affairs - 2022
The Reserve Bank of India (RBI) and Bank of Japan (BOJ) have signed a Bilateral Swap Arrangement (BSA) for $75 billion that will help in bringing greater stability in foreign exchange and capital markets in the country. The pact will enables both countries to swap their local currencies (i.e., either Japanese yen or Indian rupee) ..
Reserve Bank of India (RBI) and Bank of Japan have signed a bilateral swap agreement. The agreement was negotiated during the visit of Prime Minister Narendra Modi to Tokyo last year. Bilateral Swap Agreement The Swap agreement will provide India access to 75 billion US dollars against the 50 billion dollars under earlier BSA. Under ..
The Government of India (GoI) has recently signed $75 bn bilateral currency swap agreement with Japan to bring greater stability in foreign exchange and capital markets in the country. The currency swap pact would enable the two major Asian economies to swap their local currencies – either Indian rupee or the Japanese yen against the ..
The Union Cabinet has given its ex-post facto approval for the Memorandum of Understanding (MoU) between Reserve Bank of India (RBI) and Central Bank of United Arab Emirates (UAE) on co-operation concerning currency swap agreement. Decision in this regard was taken at the Union Cabinet Meeting chaired by Prime Minister Narendra Modi in New Delhi. ..
Month: Current Affairs - May, 2016
The Reserve Bank of India (RBI) has extended currency swap arrangement to South Asian Association for Regional Cooperation (SAARC) nations till mid-November 2017. All 7 SAARC member countries including Bangladesh, Afghanistan, Maldives, Bhutan, Nepal, Pakistan and Sri Lanka can avail the facility. Under the arrangement, RBI will be offering swap arrangement up to an overall ..