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Finance Ministry unveils new SAARC currency swap framework
short by / on Tuesday, 17 December, 2024
The Finance Ministry highlighted steps to boost trade, including the new SAARC Currency Swap Framework 2024-27. It introduces an INR Swap Window worth ₹25,000 crore alongside the USD/Euro Swap Window of $2 billion. The move aims to enhance trade ties, promote the Indian Rupee, and support SAARC nations' foreign exchange needs.
read more at The Hawk