.........With a view to strengthening regional financial and economic cooperation, Governor Dr. D. Subbarao announced in the 24th SAARCFINANCE Governors’ Meeting, in Pokhara, Nepal, that the Reserve Bank of India will offer Swap Arrangement of US$2bn both in foreign currency and Indian rupee. The facility will be available to all SAARC member countries, viz., Afghanistan, Bangladesh, Bhutan, Maldives, Nepal, Pakistan and Sri Lanka. With launching of this facility, member countries can now approach Reserve Bank of India for availing of the facility...................
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