https://www.taxtmi.com/news?id=20947 Bilateral Swap Arrangement approved by the Union Cabinet authorizes the Reserve Bank of India to enter into a currency swap with the Bank of Japan permitting reciprocal exchange and re-exchange of foreign currency for domestic currency to meet short-term foreign exchange deficiencies and maintain balance of payments. The arrangement enables the RBI to access agreed resources on tap to manage immediate external liquidity needs and strengthen its capacity to address exchange rate volatility. en-us Fri, 11 Jan 2019 11:49:35 +0530 Fri, 11 Jan 2019 11:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20947 Bilateral Swap Arrangement approved by the Union Cabinet authorizes the Reserve Bank of India to enter into a currency swap with the Bank of Japan permitting reciprocal exchange and re-exchange of foreign currency for domestic currency to meet short-term foreign exchange deficiencies and maintain balance of payments. The arrangement enables the RBI to access agreed resources on tap to manage immediate external liquidity needs and strengthen its capacity to address exchange rate volatility. News - Fri, 11 Jan 2019 11:49:35 +0530 https://www.taxtmi.com/news?id=20947