India, Japan Renew $ 75 Bilateral Currency Swap Deal for Economic Stability

India and Japan have renewed their $75 billion bilateral currency swap agreement, known as the Bilateral Swap Arrangement (BSA), to enhance economic stability and deepen financial cooperation between the two nations.The agreement, which became effective on February 28, 2025, allows both countries to exchange their local currencies for US dollars when needed, providing a crucial financial safety
India and Japan have renewed their $75 billion bilateral currency swap agreement, known as the Bilateral Swap Arrangement (BSA), to enhance economic stability and deepen financial cooperation between the two nations.The agreement, which became effective on February 28, 2025, allows both countries to exchange their local currencies for US dollars when needed, providing a crucial financial safety
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