India and Japan have decided to expand their currency swap arrangement from USD 15 billion to USD 50 billion to strengthen bilateral financial cooperation and stabilize the global financial markets . The decision to expand bilateral currency swap was taken during a meeting between Prime Minister Manmohan and Japanese Deputy Prime Minister Taro Aso on the sidelines of the G-20 summit. This will help India fight with the current domestic currency crisis.
Posted on: Mon, 09 Sep 2013 17:00:31 +0000
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