Latest News on Currency Swap Agreement
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Oct 30, 2018
India-Japan sign currency swap agreement: Weak rupee against a rising dollar, depleating forex reserve led to $75 bn dealJapan and India on Monday entered into a $75-billion currency swap agreement. The deal comes in at a time when the country is battling with the depreciating value of rupee as opposed to the dollar.
Jan 02, 2018
Day after Donald Trump tirade, Pakistan cozies up to Beijing and allows use of Chinese Yuan for foreign currency transactionsWith ties with the US running into an all-time low, Pakistan is fast cosying up to China as its charity from the US threatening to dry up after the intimidating Trump tweet.