ENA Sectors 2026-03-03 15:40:57 <p><span style="font-size:14px"><strong>New Delhi, Mar 3 (KNN)</strong> India and Japan have renewed their Bilateral Swap Arrangement (BSA), effective February 28, 2026, maintaining the facility at up to USD 75 billion.</span></p> <p><span style="font-size:14px">The agreement was signed between the Bank of Japan (BoJ), acting as agent for Japans Ministry of Finance, and the Reserve Bank of India (RBI) through the third Amendment and Restatement Agreement.</span></p> <p><strong><span style="font-size:14px">Two-Way Currency Swap</span></strong></p> <p><span style="font-size:14px">The BSA is a two-way currency swap arrangement that allows both countries to exchange their local currencies for the US dollar. The overall size of the facility remains unchanged at up to USD 75 billion.</span></p> <p><strong><span style="font-size:14px">Strengthening Financial Safety Nets</span></strong></p> <p><span style="font-size:14px">Officials said the arrangement is intended to strengthen and complement existing financial safety nets. Both sides noted that the renewal would further deepen bilateral financial cooperation and contribute to regional and global financial stability.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span><br /> </p> 45344 https://knnindia.co.in/news/newsdetails/sectors/rbi-bank-of-japan-extend-usd-75-bn-bilateral-swap-arrangement 2026-03-03 15:40:57 knnindia.co.in