A day after the commerce ministry released trade data for November showing the highest-ever trade deficit of USD 37.8 billion. The Ministry of Finance highlighted the various initiatives taken by the ministry this year to boost trade with other countries.
Pakistan Finance Minister Muhammad Aurangzeb has requested the Chinese government to raise the limits of the currency swap agreement to CNY 40 billion, according to ARY News on Saturday.
India today granted cash-strapped Maldives a USD100 million Treasury bills roll over, in addition to both sides inking a USD 400 million and Rs 3,000 crore currency swap agreement.
The Reserve Bank of India (RBI), with the approval of the Government of India, has introduced a revised Framework on Currency Swap Arrangement for SAARC (South Asian Association for Regional Cooperation) countries, covering the period from 2024 to 2027, said RBI on Thursday.
Colombo [Sri Lanka], July 24 (ANI): Sri Lanka on Friday signed a USD 400 million currency swap agreement with India's Reserve Bank of India (RBI), valid till November 2022, to meet short-term international liquidity requirements following the economic crisis resulted from COVID-19.
Tokyo [Japan], Oct 29 (ANI): With an aim to further strengthen the economic cooperation, Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe on Monday agreed to conclude a bilateral currency swap agreement amounting USD 75 billion.