Japan, India Sign 75 Billion Dollar Currency Swap Agreement

Japan, India Sign 75 Billion Dollar Currency Swap Agreement

Japan and India on Monday concluded a $75 billion bilateral currency swap agreement. Arun Jaitley (Minister of Finance) Said “India and Japan agreed to enter into a bilateral swap arrangement of 75 billion dollars. This Swap arrangement would be 50% higher than our last Swap agreement. This bilateral swap reflects