In­dia, Ja­pan ink $15 bil­lion cur­rency swap ar­range­ment

Hindustan Times (Patna) - - FRONT PAGE -

MUM­BAI: In­dia and Ja­pan on Tues­day signed a cur­rency swap agree­ment for up to $15 bil­lion to ad­dress short­term liq­uid­ity prob­lems. The bi­lat­eral swap ar­range­ment (BSA) be­tween RBI and the Bank of Ja­pan en­ables both coun­tries to swap their lo­cal cur­ren­cies ei­ther Ja­panese yen or In­dian ru­pee against US dol­lar for an amount up to $15 bil­lion.

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