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Banking - General Knowledge Questions
RBI signs Currency Swap Agreement with which country?
A)
Maldives
B)
Japan
C)
Sri Lanka
D)
Bangladesh

Correct Answer :   Maldives

The Reserve Bank of India (RBI) has signed a Currency Swap Agreement with the Maldives Monetary Authority (MMA) under the SAARC Currency Swap Framework.

This is to provide swap support as a backstop line of funding for short term foreign exchange liquidity requirements. This agreement will enable the MMA to make drawals in multiple tranches up to a maximum of USD 200 million from the RBI..

Source : RBi

Published On : December 13, 2022
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