India’s reserve bank launches Saarc currency swap framework for 2024-27
The Reserve Bank of India (RBI) introduced a new currency swap window worth Rs25,000 crore yesterday (27 June) for swap support in Indian Rupee for South Asian Association for Regional Cooperation (Saarc) countries, offering various concessions. Saarc consists of eight member countries: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. Moreover, the RBI […]
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