RBI extends currency swap with SAARC countries till 2027

New Delhi [India], June 27 (ANI): 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.

Under this new framework, the RBI will enter into bilateral swap agreements with the central banks of SAARC countri