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India and Japan renew $75B currency swap deal to enhance financial stability and cooperation.
India and Japan have renewed their $75 billion Bilateral Swap Arrangement (BSA), effective February 28, 2025.
The BSA allows both countries to swap their local currencies for US dollars.
Signed by the Bank of Japan and the Reserve Bank of India, the agreement aims to strengthen financial safety nets, deepen financial cooperation between the nations, and support regional and global financial stability.
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La India y el Japón renuevan el acuerdo de intercambio de divisas de 75B de dólares para mejorar la estabilidad financiera y la cooperación.