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The Reserve Bank of India (RBI) has announced a new SAARC currency swap framework for the period 2024 to 2027. Under this framework, the RBI will continue to offer swap arrangements in US dollars and euros, with an overall corpus of $2 billion. The currency swap facility will be available to all SAARC member countries, subject to their signing bilateral swap agreements with the RBI. This initiative aims to support exchange rates and facilitate national currency use among SAARC nations through bilateral swap agreements.
RBI Extends Currency Swap Support For SAARC Nations Until 2027 https://t.co/RrcNmO16AW https://t.co/8w3F5318mK
National Currency Swap Window: India Ready for South Asia Rupee Deals The Reserve Bank of India has announced that Delhi will revise its swap facility framework to support its exchange rates, opening national currency use for SAARC nations. (ET) The South Asian Association for… https://t.co/AJcGzjA47d
#RBI announces SAARC currency swap framework for 2024-27 https://t.co/oiiwVU1XxA
