India-Japan sign currency swap agreement: Weak rupee against a rising dollar, depleating forex reserve led to $75 bn deal

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Japan 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.

from Latest News India on Firstpost https://ift.tt/2RqNkl3
FP Staff

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