RBI announces revised currency swap framework for SAARC countries from 2024 to 2027.
The Reserve Bank of India (RBI) has announced a revised currency swap framework for SAARC countries, valid from 2024 to 2027. The RBI will enter into bilateral swap agreements with central banks of SAARC countries that want to utilize this facility. The aim is to provide financial support for short-term foreign exchange liquidity needs or balance of payment crises in these countries until more permanent solutions are established.
June 27, 2024
11 Articles