RBI ex­tends cur­rency swap ar­range­ment with SAARC

The Pak Banker - - COMPANIES/BOSS -

In or­der to en­hance eco­nomic co­op­er­a­tion and strengthen fi­nan­cial sta­bil­ity, RBI has ex­tended the $2 bil­lion cur­rency swap ar­range­ment to SAARC na­tions till midNovem­ber 2017. The Re­serve Bank said in a no­ti­fi­ca­tion that it has de­cided to ex­tend the SAARC Cur­rency Swap Ar­range­ment till Novem­ber 14, 2017. Un­der the ar­range­ment, RBI is to of­fer swap ar­range­ment up to an over­all amount of $2 bil­lion both in for­eign cur­rency and In­dian ru­pee.

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