India-Japan Bilateral Swap Arrangement Renewed

Recently, India and Japan renewed their Bilateral Swap Arrangement (BSA) effective from 28th February 2026.

  • The size of the BSA remains unchanged at 75 billion US Dollars.
  • The BSA is a two-way arrangement where both authorities can swap their local currencies in exchange for the US Dollar.
  • The agreement was signed by the Reserve Bank of India and the Bank of Japan.
  • The renewal involved the third amendment and restatement agreement of the BSA.
  • The facility strengthens financial safety nets between the two nations.
  • It aims to enhance bilateral financial cooperation.
  • The agreement contributes to regional and global financial ....
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