Rajya Sabha Passes the Boilers Bill, 2024  ||  NCLAT: Authority Can’t Pass Adverse Remarks against RP Performing Duties as Per CoC’s Instruction  ||  Tel. HC: Teacher Eligibility Test Guidelines Framed to Ensure that Competent Persons are Recruited  ||  Ker. HC: Loss in Derivative Business Would be a Business Loss for Purposes of Section 72 of IT Act  ||  Rajasthan High Court: Suo-Motu Cognizance Taken Over Lack of Public Washrooms  ||  Gau. HC: Thorough Enquiry to be Conducted before Declaring a Monument as Ancient  ||  SC: Buttondar Knife to be Prohibited Only if Used for Manufacture, Sale or Possession for Sale or Tes  ||  Del. HC: Collection of Funds to Commit Offence in Future Not Money Laundering Under PMLA  ||  Rajya Sabha Passes Oilfields (Regulation and Development) Amendment Bill, 2024  ||  Lok Sabha passes Banking Laws (Amendment) Bill, 2024    

Renewal of the Bilateral Swap Arrangement between Japan and India- (Reserve Bank of India) (28 Feb 2022)

MANU/RPRL/0092/2022

Banking

Japan and India renewed the Bilateral Swap Arrangement (BSA) effective today (Feb. 28, 2022).

The Bank of Japan, acting as agent for the Minister of Finance of Japan, and the Reserve Bank of India signed the Amendment and Restatement Agreement of the BSA. The BSA is a two-way arrangement where both authorities can swap their local currencies in exchange for the US Dollar. The size of the BSA remains unchanged, that is, up to 75 billion US Dollars.

Japan and India believe that the BSA, which aims to strengthen and complement other financial safety nets, will further deepen financial cooperation between the two countries and contribute to regional and global financial stability.

Tags : RENEWAL   BILATERAL SWAP   ARRANGEMENT  

Share :        

Disclaimer | Copyright 2024 - All Rights Reserved