Japan & India renews Bilateral Swap Arrangement of up to USD 75 Billion
Mumbai, Feb 28 (UNI) India and Japan have renewed the Bilateral Swap Arrangement (BSA) effective from Friday for up to USD 75 Billion. 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…
