Saturday, November 28, 2015
India, Japan to expand bilateral currency swap agreement
ActIT Jammu, Projects, Java,, C# Training Jammu
ST PETERSBURG, Sep 6 (Agencies): India and Japan today decided to expand their currency swap arrangement from USD 15 billion to 50 billion to strengthen bilateral financial cooperation and stabilise 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 G-20 summit here.

The two governments expect that this will contribute to the stability of global financial markets including emerging economies, according to a joint statement after the meeting.

The decision came a day after Singh called for extensive consultations within the G-20 grouping to tackle the current currency crisis.

Singh had said that India has been affected by currency volatility in the past few weeks and was taking steps to finance the current account deficit (CAD) in an environment that is seen to be friendly for stable foreign capital flows.

They also reiterated the importance of continued reforms in financial and investment sectors for promoting stable and long term capital inflows into India.

The two governments believe that these policy measures will strengthen the bilateral financial cooperation between Japan and India, the statement said.

News Updated at : Saturday, September 7, 2013
Comment on this Story 
Top Stories of the Day  
HCBA stages protest against Mehta concert
SRINAGAR, Sep 6: Joining the opposition to Zubin Mehta concert scheduled for tomorrow at Shalimar gardens, the High Court Bar Association (HCBA) today staged protest demonstrations in High Court premises. Addressing the protesting lawyers, Mian Qayoom, the newly elected president HCBA said that holding musical concert by Mehta is an attempt ‘to crush the Kashmiri freedom movement’. “No Kashmiri should participate in the concert as history of Kashmir is all filled with very gory incidents inclu
> Kashmir chose me: Mehta
> Omar offers 3,000 jobs more for migrant youth returning to Valley
> Congs toughens stand on KAHDC nomination row
> Truce violation at LoC
> No question of ceding any part to China: Antony
Weather Report
Wedding in Jammu | Wedding Jewellery in Jammu
Mata Vaishnodevi | Matavaishnodevi | Mata Vaishno Devi
Electric Blanket | Electric Bed Warmers | Electric Under Blankets | Electric Heating Blanket
Copyright 2013 KT Group. All rights reserved. Powered by Ideogram Technology Solutions Pvt. Ltd.