India, Japan sign $75 billion currency swap agreement

Published: October 29, 2018 17:29:08


Indian Prime Minister Narendra Modi talking with his Japanese counterpart Shinzo Abe during their meeting at Abe's official residence in Tokyo on Monday. -Reuters Photo

India and Japan have signed a $75 billion bilateral currency swap agreement.

The deal was signed during Prime Minister Narendra Modi’s visit to Tokyo on Monday, India said in a statement, reports Reuters.

The agreement should help bring greater stability to foreign exchange and capital markets in India, the statement added.

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