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India Signs $75-Billion Currency Swap Pact With Japan

Thomson Reuters

India and Japan have signed a $75-billion bilateral currency swap agreement on Monday during Prime Minister Narendra Modi's visit to Tokyo, the Indian government said in a statement.

India and Japan have signed a $75-billion bilateral currency swap agreement on Monday during Prime Minister Narendra Modi's visit to Tokyo, the Indian government said in a statement.

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

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Trade Setup For Aug. 28: Nifty Sees Key Support At 24,670

  • chevron-double-right Nifty 50 fell below its 50-day EMA, indicating strong intraday selling pressure
  • chevron-double-right Nifty 50 closed 1.02% lower at 24,712.05 with support at 24,670 and 24,500 levels
  • chevron-double-right Bank Nifty dropped below 55,000, closing lower for the fourth consecutive session
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