Currency swap arrangement between India, Japan will strengthen financial cooperation: Chidambaram

New Delhi, Dec 19 : Finance Minister P. Chidambaram on Thursday said pingthe bilateral currency swap arrangement between India and Japan will further strengthen financial cooperation between the two countries.

"On 18.12.2013, RBI Governor Dr. Raghuram Rajan signed on behalf of the Reserve Bank of India the Agreement on bilateral currency swap arrangement between RBI and Bank of Japan," Chidambaram said in a statement issued here regarding bilateral currency swap arrangement between the Reserve Bank of India and Bank of Japan to enhance facility of currency swap from USD15 billion to USD 50 billion.

"Under the agreement, the facility of currency swap has been enhanced from USD 15 billion to USD 50 billion. Earlier, the terms had been agreed between the Indian and the Japanese sides and the Government had authorized RBI to sign the Agreement," he said.

"Government believes that this measure will further strengthen the bilateral financial cooperation between Japan and India," he added.

--ANI (Posted on 19-12-2013)

india-news headlines

This near and yet so far: India/Pakistan travelogues by Indians/Pakistanis (Column: Bookends)

Laundry Project India to expand operations

BJP seeks stay on appointments, complains against PM's media advisor

Mother-son government will be defeated: Modi

Mirwaiz slams Geelani

Modi terms UPA 'mother-son' government, hits out at 'RSVP model'

Don't just be a voter, be a canvasser too: Modi to youth

BJP's charges of corruption against Congress false: Sonia

Poll panel chief refuses to respond to Azam Khan's allegation

Don't act like sole conscience-keeper of Kashmiris, Mirwaiz warns Geelani

Awaiting report on Ajit Pawar's alleged threat: EC

PM greets people on Easter

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014


Your e-mail:

Your Full Name:

Type verification image:
verification image, type it in the box


Back to Top