The Reserve Bank of India signed a bilateral swap arrangement (BSA) with the Bank of Japan to swap their local currencies for an amount of $15 billion for a three year period on 4 December 2012.The BSA will effect from 5 December 2012.The arrangement aims at addressing short-term liquidity difficulties and supplementing the existing international financial arrangements, as one of the efforts in strengthening mutual cooperation between Japan and India.
IAS IPS TNPSC BANK SI SSC TNTET RAILWAY AND POLICE VAO EXAM COACHING CENTRE.
