Currency Swap Current Affairs - 2020

India-Sri Lanka: RBI extends 400 million USD of Currency Swap

On July 25, 2020, the Reserve Bank of India extended 400 million USD of currency swap with Sri Lanka. The currency swap agreement is to remain till November 2022. Highlights The currency swap facility was extended under the SAARC Currency Swap Framework. India is currently considering bilateral currency swap request of Sr Lanka for 1.1 Read More…

RBI, Bank of Japan sign Bilateral Swap Arrangement

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 Read More…

Union Cabinet approves India-UAE currency swap agreement

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. Read More…

RBI extends Currency Swap Arrangement with SAARC nations

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 Read More…

India, UAE ink 9 bilateral agreements for cooperation in various sectors 

India and United Arab Emirates (UAE) have signed 9 bilateral agreements covering cooperation in the various sectors. These agreements were signed during the second day of Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi official visit to India. Some Agreements are MoU on Technical Cooperation in Cyber Space and Combating Cyber Crime: Read More…