January 1, 2025
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Currency swap arrangement expands INR swap window to strengthen regional liquidity and promote rupee internationalisation.
The Framework on Currency Swap Arrangement for SAARC Countries (2024-27) renews a regional short term FX backstop and introduces a separate INR swap window to promote rupee internationalisation alongside existing USD/Euro facilities. Parallelly, recent Bilateral Investment Treaties with the UAE and Uzbekistan establish investor protections, expropriation safeguards, transparency, national treatment, and arbitration based dispute settlement (with local remedies exhaustion provisions). Domestic measures include the National Infrastructure Readiness Index and regulatory amendments-overseas investment rules, foreign exchange rules enabling cross border share swaps and FDI in white label ATMs, compounding rules, and securities listing reforms-to streamline cross border investment and boost ease of doing business.