Japan and India Renew Bilateral Swap Arrangement at $75 Billion Facility

Japan and India have renewed their Bilateral Swap Arrangement (BSA) effective until February 28, 2026, maintaining the facility size at up to 75 billion US dollars. This two-way currency swap allows both countries to exchange local currencies for US dollars, aiming to strengthen financial safety nets. Both nations expressed confidence that the renewed pact will deepen financial cooperation and contribute to regional and global financial stability.